In today’s market report… on the final day of trading in 2009, shares were mostly lower. Year-end trade dwindled and bankruptcy worries about Japan Airlines Corp weighed on the Nikkei.
Shares of Japan Airlines tumbled to a record low on growing investor worries that the struggling carrier will be restructured in bankruptcy court as part of a state bailout.
High tech exporters rallied on a weaker yen, allowing Japan's Nikkei to briefly touch a four-month high before slipping.
However, the pan-Asian index outside Japan is up more than 60 percent on the year.
In a further sign of recovery, iron ore miners like Rio Tinto and BHP Billiton are racing to dig mines and predicting double digit output growth next year as steel mills across Asia increase production.