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Nikkei down 2.3%, dragged lower by exporters

Nikkei down 2.3%, dragged lower by exporters
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First Published: Mon, May 26 2008. 11 34 AM IST
Updated: Mon, May 26 2008. 11 34 AM IST
Reuters
Tokyo: Japan’s Nikkei stock average slid 2.3% on 26 May, the biggest fall in six weeks, led lower by exporters such as Canon Inc on a firmer yen and losses on Wall Street.
The Tokyo market’s steep fall came after U.S. stocks booked their worst week in three months last week on record oil prices, stoking fears about inflation and weaker consumer spending.
The benchmark Nikkei average ended down 322.01 points at 13,690.19. The broader Topix index declined 2.4 percent to 1,344.18.
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First Published: Mon, May 26 2008. 11 34 AM IST
More Topics: Markets | Japan | Stocks | Nikkei | Money Matters |