They said investors may refrain from buying as the domestic results season gets in full swing and with Wall Street still jittery about the fallout from the US mortgage and credit market woes. Japan’s stock market tumbled over the past week, with the benchmark Nikkei-225 index losing 516. Japanese share prices could drop to as low as around 16,500 points next week, said Masayoshi Yano, strategist at Tokai Tokyo Securities Co. The dollar hit a near three-weak low against the yen in Asian trade Friday as the market fretted over gloomy prospects for the US economy. Analysts said investors will try to find clues next week on whether the Fed will cuts its interest rate again, a move that would be likely to buoy Wall Street and provide a positive lead for other stock markets. read more
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