Nikkei Holds Up Some Despite Cosmetics Rout

By Anonymous

0635 GMT - Japanese stocks held up better than others in the region, perhaps helped some by some overnight yen softness. As the dollar remained around Y111.50, versus Y111.15 at the end of Tuesday’s stock trading, the Nikkei fell 0.5% to 22580.83, logging a 4th-straight drop. Cosmetics makers lead falls as concerns grow about Typhoon Jebi’s impact on travel demand. Kose slid 6.7% and Shiseido lost 4.2%. Meanwhile, 10-year JGB yields fell a half-basis point to 0.11%. ([email protected])