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Nikkei falls 2.1% to 13,655 levels

Nikkei falls 2.1% to 13,655 levels
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First Published: Fri, May 09 2008. 11 48 AM IST
Updated: Fri, May 09 2008. 11 48 AM IST
Reuters
Tokyo: Japan’s Nikkei stock average fell 2.1% on 9 May, marking its first weekly decline in eight weeks, dragged down by exporters such as Honda Motor Co Ltd and Canon Inc on a stronger yen.
Toyota Motor lost 3.3% after the world’s biggest automaker forecast a larger-than-expected profit decline.
The market extended its falls in the afternoon, after Takeda Pharmaceutical Co Ltd slid further after the company said it expects a sharp fall in annual income for this year.
The benchmark Nikkei average ended down 287.92 points at 13,655.34. The index fell 1.7% in a week shortened by national holidays. The broader TOPIX index shed 2.3% to 1,341.76.
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First Published: Fri, May 09 2008. 11 48 AM IST
More Topics: Markets | Japan | Stocks | Nikkei | Honda |