• Most Popular
  • Most Shared

Nikkei hits 7-wk closing low, recovery worries weigh

Thu Jul 9, 2009 2:09am EDT

Stocks

   

TOKYO, July 9 (Reuters) - Japan's Nikkei average hit its lowest close in seven weeks on Thursday, weighed down by exporters such as Canon (7751.T) as the yen stays near five-month highs against the dollar amid growing doubts about a speedy recovery in the global economy.

The benchmark Nikkei .N225 fell 1.4 percent or 129.69 points to 9,291.06, its lowest finish since May 22.

The broader Topix declined 1.7 percent to 873.91. (Reporting by Aiko Hayashi)



More from Reuters

Photo

Jobless claims up, labor market still healing

WASHINGTON (Reuters) - The number of workers filing new applications for jobless insurance unexpectedly rose last week, according to government data on Thursday that still suggested the labor market was improving.

» More Top News
A girl sits on her father's shoulders in front of a globe with an interactive display during an Earth Hour ceremony at the townhall square in central Copenhagen December 16, 2009. Credit: REUTERS/Christian Charisius

U.N. talks at "critical juncture"

Climate talks were given a second chance after the U.S. backed a $100 billion global fund to support poor countries. What else will it take to hammer out a deal?  Full Article 

Climate Conference
An office worker is reflected in the pavement as he walks with an umbrella in Singapore's financial district October 8, 2008.REUTERS/Vivek Prakash
Analysis:

Death of a salesman

Old-style sales reps may be fading thanks to a shift in the pharmaceutical market that has created a new gatekeeper in drug sales.  Full Article 

Healthcare