Nikkei down as economic worry outweighs bailout vote

Wed Oct 1, 2008 10:07pm EDT
 
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(Updates to midsession)

TOKYO, Oct 2 (Reuters) - Japan's Nikkei stock average slipped 1.1 percent on Thursday despite passage of the U.S. financial bailout bill by the U.S. Senate, with worries about its fate in the House of Representatives and concern about the global economy overpowering relief.

Growing worries over the U.S. economy sent Toyota Motor Co (7203.T) and other carmakers lower, dragging the Nikkei down. High tech firms such as Advantest Corp (6857.T) also slipped. The benchmark Nikkei .N225 shed 125.61 points to 11,242.65, while the broader Topix was down 1.7 percent at 1,082.72.

(Reporting by Elaine Lies)

 

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