Nikkei dips after hitting 8-mth high, US rates weigh
The Nikkei stock average briefly edged above 10,000 to an eight-month high on Thursday before slipping 0.1 percent on the day, with worries about rising U.S. interest rates offsetting a jump in steel shares on a brokerage upgrade.
The benchmark Nikkei .N225 inched down 10.16 points to 9,981.33, after rising as high as 10,022.23 in morning trade, its highest since Oct. 7 and a rise of roughly 43 percent from its March bear market low.
