Greater London, England -- (SBWire) -- 04/29/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 18th April 2011.
Share prices for telecommunications companies in Japan fell following Goldman Sachs announcing a ratings cut, which resulted in the Nikkei 225 being weighed down.
Such is the assertion of Reuters, which noted that the report from the organisation highlighted how NTT might struggle to assess the impact of the March 11th earthquake for its earnings estimate for the fiscal year.
As a result, it traded down by 0.7 per cent, while a 2.4 per cent share prices decline was experienced by Softbank after Goldman Sachs switched its 'sell' to 'neutral', the news resource added.
The Nikkei 225 retreated today (April 18th) by 0.36 per cent to end trading on 9,556.65 points. Meanwhile, the Nikkei 500 fell by 1.76 points and the Nikkei 300 by 1.02 points.
As of 07:18 BST, the Hang Seng Index was trading down by 0.33 per cent, with HSBC taking a ten-point hit, along with PetroChina.
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Spread Betting Update - Telecommunications Share Prices Fall and Pull Nikkei 225 Down