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Nikkei, Topix & Co: Asian exchanges with no clear direction

Nikkei, Topix & Co: Asian exchanges with no clear direction

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The economic slowdown is weighing on investors.

(Photo: AP)

Tokyo Markets in Asia are taking different directions on Thursday. Sentiment in equity markets remained fragile after weeks of choppy trading as central banks around the world continue the Fed’s tightening path and ongoing concerns about global growth weigh on confidence.

“I don’t think the global economy is about to slow, I think it is already slowing down. That’s why the potential for good investment right now is mostly in the short position,” Barbara Ann Bernard of Wincrest Capital said at the Reuters Global Markets forum.

The Nikkei index, which includes 225 values, was down 0.1 percent at 26,664 points. The broader Topix index rose 0.3 percent to 1,883 points.

The Shanghai Stock Exchange fell 0.1 percent. The index of the most important companies in Shanghai and Shenzhen lost 0.3 percent.

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