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Japan's Topix down 2 pct as exporters drag on yen

Sun May 25, 2008 9:40pm EDT

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TOKYO, May 26 (Reuters) - Japan's broad-based Topix index fell 2 percent on Monday, led lower by exporters such as Canon Inc (7751.T) on a firmer yen and after U.S. stocks booked their worst week in three months on record oil prices, which stoked fears about inflation and weaker consumer spending.

Stocks  |  Global Markets

As of 0136 GMT, the Topix index declined 27.66 points to 1,349.03. The benchmark Nikkei average .N225 shed 2.1 percent to 13,714.89. (Reporting by Aiko Hayashi)



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