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TOKYO, March 26 (Xinhua) -- The Nikkei stock index lost 1.39 percent Thursday as a hugely disappointing lead from Wall Street overnight coupled with concerns over the health of the U.S. economic recovery, conspired to create a sour market mood.


The Nikkei 225 index lost 275.08 points from Wednesday to end at 19,471.12, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange closed 23.19 points, or 1.46 percent lower at 1 Vic Beasley Jr Black Jersey ,568.82.


Local traders here noted that U.S. stocks took a tumble after the Commerce Department reported that orders for durable goods had slumped 1.4 percent in February, despite median analysts predictions for a positive uptick.


They said the figures were perhaps more evidence that the U.S. economy has not recovered at a pace recently thought, following a slew of upbeat macroeconomic data recently, including some impressive employment figures.


The latest data may also mean the U.S. Federal Reserve will continue to hold off on its plans to, at some point this year, hike its key interest rate. Leading economists had originally thought this could happen as early as summer Authentic Ito Smith Jersey , but economic data has led the Fed to push the hike until later this year, they said.


The drop on Wall Street overnight and concerns for the health of the world's largest economy were a trigger for investors to sell for profits Thursday, as some analysts had indicated that following the market's recent run of gains, the market here may be overheating and Japanese issues are beginning to be deemed overvalued.


Daisuke Uno, a strategist from Sumitomo Mitsui Banking Corp., said that economic expansion Authentic Deadrin Senat Jersey , as the U.S. is experiencing, is cyclical and, as such, a point will be reached where things begin to worsen and intimated that that point may be now. He added that it was now even more unlikely that the Fed would raise its interest rates anytime soon.


"Considering the long length of the current U.S. economic expansion, it may finally be reaching a turning point where the data start to worsen, as is the case with such cycles Authentic Tevin Coleman Jersey , Uno said, adding that "U.S. corporate profit growth rates are thin and allow for more downside to stock prices than upside."


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