Nikkei flat as strong yen offsets machine orders

Wed Nov 11, 2009 6:14am GMT
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TOKYO, Nov 11 (Reuters) - Japan's Nikkei stock average was flat on Wednesday as the yen rose, offsetting a surprisingly large jump in domestic machinery orders for September and a forecast for a rise in the fourth quarter.

Tech shares such as Advantest Corp (6857.T: Quote, Profile, Research) slipped after rising the previous day, while nonferrous metals makers such as Dowa Holdings (5714.T: Quote, Profile, Research) came under pressure amid concerns over long-term demand. But Japan Airlines Corp (9205.T: Quote, Profile, Research) rose 4.8 percent after sources said the state-owned Development Bank of Japan will offer a 100 billion yen ($1.1 billion) line of credit to JAL to keep the airline from running out of cash. [ID:nBNG509104]

The benchmark Nikkei .N225 closed at 9,871.68, up 0.95 point. The broader Topix .TOPX was also flat at 872.29. (Reporting by Elaine Lies)

 
 
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