Japan's Nikkei falls, oil shares up on crude surge

Tue Feb 19, 2008 9:11pm EST
 
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(Updates to midsession)

TOKYO, Feb 20 (Reuters) - Japan's Nikkei share average fell 0.8 percent on Wednesday, led down by industrial robot maker Fanuc Ltd (6954.T: Quote, Profile, Research, Stock Buzz) and tracking losses on Wall Street.

Oil stocks such as Inpex Holdings Inc (1605.T: Quote, Profile, Research, Stock Buzz), Japan's largest oil exploration company, rose after crude prices surged to a record high.

The benchmark Nikkei .N225 ended the morning session down 0.8 percent at 13,651.64 and the broader TOPIX index was down 0.8 percent at 1,333.95. (Reporting by Taiga Uranaka)

 

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