Japan stocks fall as more companies cut outlook

Wed Feb 6, 2008 9:09pm EST
 
Email | Print | | Reprints | Single Page
[-] Text [+]

(Updates to midsession)

TOKYO, Feb 7 (Reuters) - Japanese stocks fell on Thursday as more companies lowered their earnings outlook, adding to bearish investor sentiment amid jitters over the U.S. economy.

Taiyo Yuden (6976.T: Quote, Profile, Research, Stock Buzz) dropped sharply after the electronic parts maker cut its full-year earnings forecasts on a stronger yen and weak demand for its electronics parts.

The benchmark Nikkei average .N225 ended the morning session down 0.8 percent at 12,995.03. The broader TOPIX index was 1.3 percent lower at 1,282.11. (Reporting by Taiga Uranaka)

 

Featured Broker sponsored link

Most Popular on Reuters

Photo
Bearing Witness
Reuters award-winning multimedia piece, reflecting five years of reporting the war in Iraq.