Tokyo

Tokyo stocks fall on concerns over US financial sector

Tokyo stocks fall on concerns over US financial sector Tokyo  - The Japan market ended Tuesday morning trading lower with the key Nikkei index falling to the lowest level in four months at one point on lingering concerns over the US financial sector.

The benchmark Nikkei 225 Stock Average dipped 75.26 points, or 1.03 per cent, to 7,204.89.

The broader Topix index of all first section issues was also down 9.57 points, or 1.32 per cent, to 725.02.

Bird flu detected in second quail farm in central Japan

Bird flu detected in second quail farm in central JapanTokyo - Birds from a second quail farm in the central Japanese city of Toyohashi tested positive for the highly pathogenic H7N6 strain of bird flu, the local government said Monday.

The authorities inspected quail farms within 5-kilometre-radius of a farm, where the H7N6 virus was detected Friday, and found the birds at another farm had been infected.

Nikkei loses 3 per cent on Wall Street plunge, stronger yen

Nikkei loses 3 per cent on Wall Street plunge, stronger yenTokyo  - Japan's key Nikkei 225 Stock Average lost more than 3 per cent Monday following Wall Street's decline before the weekend and the yen's advance against the US dollar.

The benchmark Nikkei 225 Stock Average plunged 242.46 points, or 3.2 per cent, to 7,325.96.

The broader Topix index of all first section issues was also down 18.6 points, or 2.56 per cent, to 738.11.

Sony president to step down in April as record loss expected

Sony president to step down in April as record loss expected Tokyo  - Sony Corp's president is to resign in April as the company was forecasting a record loss in the current business year because of a surge in the yen's value and declining sales, it said Friday.

The Japanese electronics giant announced that Ryoji Chubachi would step down and chairman Howard Stringer would serve in both posts as the firm seeks to achieve a recovery in its core electronics business.

Japanese industrial output sees record fall in January

Japanese industrial output sees record fall in January Tokyo - Japan's industrial output underwent a record fall of 10 per cent in January amid shrinking export demand, and consumers cut spending as the recession in the world's second-largest economy worsened, the Japanese government reported Friday.

The 10-per-cent fall in industrial production in seasonally adjusted terms from December broke the previous record fall of 9.8 per cent recorded in December. It also was the fourth-straight monthly decline.

Tokyo stocks rise modestly on weaker yen

Tokyo stocks rise modestly on weaker yenTokyo  - Tokyo stocks ended Friday morning trading modestly higher on the continued strength of the US dollar against the yen.

The benchmark Nikkei 225 Stock Average edged up 53.27 points, or 0.71 per cent, to 7,511.2.

The broader Topix index of all first section issues was also up 4.17 points, or 0.56 per cent, at 746.7.

On currency markets at 9 am (0000 GMT), the dollar traded at 98.31-36 yen, up from Thursday's 5 pm quote of 97.92-95 yen. A lower yen makes Japanese goods cheaper overseas.

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