Nikkei slips 1.1 pct, tech shares drag
TOKYO |
TOKYO May 18 (Reuters) - Japan's Nikkei stock average slipped 1.1 percent on Monday, with tech shares such as Kyocera Corp (6971.T) weighing on a market made vulnerable by Wall Street losses despite a raft of reassuring U.S. economic data.
Panasonic Corp (6752.T) was untraded and overwhelmed with sell orders after it reported a record quarterly loss, battered by weak demand, price falls and restructuring costs, and forecast a bigger-than-expected loss this year. [ID:nT317165]
The benchmark Nikkei .N225 shed 101.86 points to 9,163.16, while the broader Topix .TOPX lost 1.1 percent to 872.17. (Reporting by Elaine Lies)
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