Tokyo stocks Nikkei 225 down January 12 2012

Tokyo stocks Nikkei 225 down January 12 2012 : Tokyo stocks fell 0.70 per cent Thursday morning despite mildly positive inflation data from China. The Nikkei 225 index at the Tokyo Stock Exchange fell 58.74 points to 8,389.14. The Topix index of all first-section issues lost 5.59 points or 0.76 per cent to 727.88.

Consumer prices in China, Japan's biggest trading partner, rose at their slowest pace in more than a year in December, official data showed, giving Beijing leeway to further ease credit restrictions to spur economic growth.

But the Nikkei was down as the effect of the figures quickly faded. "The impact of the inflation data may already be priced-in by now," said Daiwa Securities head of investment strategy and research Kazuhiro Takahashi. He predicted the index would stay near 8,400 Thursday. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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