Hong Kong managed to end a 5 day losing streak on Monday, despite news from the US that there are still 'significant risks for the American economy'. Tokyo was closed on Monday for a holiday.
Despite a day away from trading, Tokyo could not shrug off its losing streak, clocking up another loss of over 2% on Tuesday. Poor trading from the US and the Dollar weaker against the Yen didn't help. Other markets such as Seoul and Hong Kong also posted losses on Tuesday.
Wednesday saw day 6 and more losses for the Nikkei. Technology stocks were generally to blame and indices such as South Korea, Taiwan and Hong Kong also fell in their wake. The Bank Of Japan left monetary policy alone and the Governor of the Bank Of Korea said that 'improving exports and corporate capital spending would help perk up the economy'.
Thursday saw day 7 of losses for the Nikkei - over 700 points down in 6 days. A reversal of fortune was seen during the day but gains fell back to leave the index lower once again. Weak technology stocks and poor economic news have been blamed. Hong Kong, Seoul and Taiwan closed up with Sydney and Singapore closing down.
Following upbeat trading news from the US on Thu rsday, Tokyo's Nikkei index managed to put an end to its run of losses on Friday - 7 days in a row. The index closed up by over 1.5%. The upward trend was also felt in Taiwan, boosted by tax cuts to help the economy. Indices in Hong Kong and Seoul fell backwards.