Nikkei down 1.3% as blue chips sold

Nikkei down 1.3% as blue chips sold
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First Published: Fri, Jun 20 2008. 11 37 AM IST
Updated: Fri, Jun 20 2008. 11 37 AM IST
Tokyo: Japan’s Nikkei stock average slipped 1.3% on Friday, led down by Kyocera Corp and other blue chip stocks as many investors come to view the recent rise in Japanese shares as over for now.
Inpex Holdings and other oil-related shares slid as oil prices fell after China said it will raise domestic fuel prices.
The benchmark Nikkei ended down 188.09 points at 13,942.08, extending losses after a 2.2% decline on Thursday.
The broader Topix shed 1.4% to 1,356.74.
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First Published: Fri, Jun 20 2008. 11 37 AM IST
More Topics: Japan | Stocks | Nikkei | Topix | Oil |