• Most Popular
  • Most Shared

Nikkei falls 1.3 pct, exporters down on Wall St

Sun Jun 22, 2008 8:09pm EDT

Stocks

   

(Updates with opening)

Stocks  |  Global Markets

TOKYO, June 23 (Reuters) - Japan's Nikkei average fell 1.3 percent on Monday, led down by blue-chip exporters like Kyocera Corp (6971.T) after sharp losses on Wall Street on rising oil prices.

Financial shares such as Mitsubishi UFJ Financial Group (8306.T) were under selling pressure after warnings of more mortgage-related write-downs at U.S. banks.

As of 0005 GMT, the benchmark Nikkei .N225 fell 181.38 points to 13,760.70. The broader Topix lost 1.8 percent to 1,332.32. (Reporting by Taiga Uranaka)

Stocks
Global Markets


More from Reuters

Photo

Employers see uptick in hiring in 2010

NEW YORK (Reuters) - U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
A young Kamchatka brown bear plays in its enclosure at the 'Tierpark Hagenbeck' zoo in Hamburg September 20, 2007. REUTERS/Christian Charisius

The return of the Russian bear

Jason Bush

As Russia's memories of crippling economic times fade, are reforms disappearing along with them?  Commentary 

Breakingviews