Japanese stocks fall amid slim trading

17:09, May 27, 2011      

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Japanese stocks fell Friday amid slim trading on a higher yen and Sony Corp's weaker-than-expected earnings outlook.

The benchmark Nikkei-225 index dropped 40.11 points, or 0.42 percent, from Thursday to 9,521.94.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 2.18 points, or 0.26 percent, to 824. 90.

On the First Section, declining stocks outnumbered advancing ones 956 to 544, with 165 others remaining unchanged.

Among the decliners, Sony fell 3.0 percent, as it continues to hold the loss-making liquid crystal display television business, while struggling with data leaks from its online services and the effects of the March 11 earthquake and tsunami disaster.

Trading volume on the main board fell to 1,512.19 million shares from Thursday's 1,616.43 million.

Turnover on the TSE's Frist Section fell to 1,055.8 billion yen (13.20 billion U.S. dollars), the lowest since April 26.

Source: Xinhua
 
 
     
 
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(Editor:石希)

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