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Exporters drag Nikkei down 0.4%

Exporters drag Nikkei down 0.4%
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First Published: Wed, Sep 10 2008. 12 11 PM IST
Updated: Wed, Sep 10 2008. 12 11 PM IST
Reuters
Tokyo: The Nikkei average fell 0.4% on Wednesday, led lower by blue-chip exporters like Canon Inc on concerns about the global economic outlook and a stronger yen.
A fall in oil prices dented energy shares including oil and gas explorer Inpex Holdings and trading house Mitsubishi Corp.
But banks, including industry leader Mitsubishi UFJ Financial Group rose sharply, ahead of Lehman Brothers’ release of “key strategic initiatives” and quarterly results due later in the day.
The benchmark Nikkei average ended down 54.02 points at 12,346.63, after falling as much as 1.9% earlier. The broader Topix ended 0.1% higher at 1,192.38.
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First Published: Wed, Sep 10 2008. 12 11 PM IST
More Topics: Markets | Japan | Stocks | Nikkei | Topix |