Nikkei slips 0.4 percent; metals, economic concerns weigh

Fri Nov 13, 2009 1:14am EST
 
[-] Text [+]

TOKYO (Reuters) - Japan's Nikkei stock average lost 0.4 percent on Friday, weighed down by selling of smelters after non-ferrous metals prices fell, with worries about consumer spending and Wall Street's performance leading to broad selling.

But buying of a range of defensive shares such as seafood company Nippon Suisan (1332.T), which surged after a brokerage upgrade, kept the fall in check. A brokerage upgrade also boosted Sharp Corp (6753.T)

In thin trade, the benchmark Nikkei .N225 shed 34.18 points to 9,770.31, marking its third negative week in a row, the first such run since the three weeks ending October 2. The broader Topix lost 0.1 percent to 866.80.

(Reporting by Elaine Lies)

 

More News

Nikkei sheds 0.5 pct as exporters weigh; Sharp up
Thursday, 12 Nov 2009 09:09pm EST 
Nikkei drifts lower as exporters sold; banks edge up
Thursday, 12 Nov 2009 08:30pm EST 
Nikkei flat, eyes on earnings; exporters up on yen
Thursday, 12 Nov 2009 07:10pm EST 
Nikkei falls 0.7 percent; Nippon Yusen, shippers slide
Thursday, 12 Nov 2009 01:21am EST 
Nikkei gains 0.4 pct, led by carmakers and techs
Wednesday, 11 Nov 2009 09:13pm EST 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video