Japan market closes virtually flat

Japanese share market closed virtually flat after recouping losses late afternoon on Tuesday, 12 May 2015, helped by yen depreciation against the US dollar and mixed bag of corporate earnings. The benchmark Nikkei 225 index rose marginal 3.93 points, or 0.02%, to finish at 19624.84. The broader Topix index of all first-section shares ended higher 3.94 points, or 0.25%, up at 1602.27.

Total of 19 out of 33 TSE sectors ended higher, with shares of Precision Instruments, Electric Power & Gas, Insurance, Iron & Steel, Marine Transportation, and Textiles & Apparels issues being major gainers. Bucking the uptrend- Rubber Products, Mining, Services, Warehousing & Harbor Transportation Service, Pharmaceutical and Real Estate issues posted modest losses.

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