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Japan stocks down as Sony drops, US jobs data eyed

Thu Jan 31, 2008 9:09pm EST

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(Updates to midsession)

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TOKYO, Feb 1 (Reuters) - Japanese stocks fell after earlier gains on Friday, dragged down by Sony Corp (6758.T), which lost more than 6 percent after the maker of PlayStation game gear and Vaio PCs cut its earnings outlook. [ID:nSP129226]

The market lost steam as investors turned nervous ahead of U.S. jobs data out on Friday and as a rise in financials on Wall Street had been mostly factored in during Thursday's trade in Japan, said Takahiko Murai, general manager of equities at Nozomi Securities. The benchmark Nikkei average .N225 ended the morning session down 0.6 percent or 84.67 points at 13,507.80 after a 1.9 percent gain on Thursday.

The broader TOPIX index shed 0.7 percent or 8.78 points to 1,337.53. (Reporting by Aiko Hayashi)

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