Nikkei down 0.9 pct as Toyota slips, yen weighs

Thu May 8, 2008 10:06pm EDT
 
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(Updates to midday)

TOKYO, May 9 (Reuters) - Japan's Nikkei average fell 0.9 percent on Friday, dragged down by Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz) after the world's biggest automaker forecast its first annual profit decline in seven years, while a stronger yen weighed on other exporters.

The benchmark Nikkei average .N225 ended the morning session down 127.58 points at 13,815.68.

The broader TOPIX index shed 1.1 percent or 14.35 points to 1,358.60. (Reporting by Aiko Hayashi)

 

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