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2015.03.3121:56:00UTC+00Japan Nikkei Fell Below 25 Ma on Profit Taking and Soft Boj Soft Tankan Survey

  • The Nikkei fell around 1.5 percent to 18,927.95 points, 3 weeks low and falling below the 25-day MA, which stood around 19,155, for the first time in two months. It last stood at 19,035.65, down 0.9 percent on the day.
  • The broader Topix dropped 0.9 percent to 1,528.99, falling below its 25-day average around 1,550. 
  • Bank of Japan's tankan corporate sentiment survey showed big manufacturers plan to cut capital spending in coming months amid concerns about weak domestic and global demand.

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