Nikkei falls 1.6 pct, shipping firms falter

Sun Jul 5, 2009 10:10pm EDT
 
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TOKYO, July 6 (Reuters) - Japan's Nikkei stock average fell 1.6 percent on Monday, with shipping firms such as Nippon Yusen (9101.T) retreating after a key gauge of freight costs dropped late last week on softer demand for goods. The Nikkei fell .N225 154.80 points to 9,661.27.

The broader Topix lost 1.0 percent to 911.10. (Reporting by Masayuki Kitano)

 

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