Tokyo stocks close flat


Trading was muted with many investors away for Japan's traditional mid-summer holiday. "With volume so light and incentives so few, the selling we're seeing today is nothing more than rudimentary after a stretch of strong gains," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management. "It's entirely possible, however, that even following the resumption of 'normal' trading next week, overall market movements will remain somewhat subdued," he told Dow Jones Newswires.

In share trading, Skymark rose 1. 19 per cent to 169. 0 yen after the airline said it was terminating some domestic services and raising fares as it faces potentially huge penalties after a cancelled jet order with European plane manufacturer Airbus. Sony climbed 2. 12 per cent to 1,874. 0 yen after the Nikkei business daily reported the firm plans to sell image sensors for cameras used in vehicles.

Read more here: Business Spectator


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