Japan Stock Market May See Renewed Selling Pressure

(RTTNews) - The Japan stock market on Wednesday ended the two-day slide in which it had tumbled almost 900 points or 1.3 percent. The Nikkei 225 now sits just above the 66,750-point plateau although it may tick lower again on Thursday. The global forecast for the Asian markets is mixed to lower as a rebound in crude oil prices may be tempered by an improved outlook for interest rates. The European and U.S. markets were mostly lower and the Asian bourses are expected to open in similar fashion. The Nikkei finished sharply higher on Wednesday following gains among the technology, resource, financial and shipping sectors. For the day, the index surged 1,272.45 points or 1.94 percent to finish at 66,753.72 after trading between 66,014.48 and 66,946.14.