Nikkei falls from its 4-year high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Most of the Japanese blue chips dropped, sending down the Nikkei 22 Stock Average from its highest level since 2008. The Nikkei 225 index slid 0.9% to 11,357.07. All but two groups in the index edged lower with consumer goods, technology and telecommunications pairing biggest losses, as they fell 1.57%, 1.57% and 1.42%, respectively. Nikon corporation led losses in technology shares after the company cut its outlook amid weakening demand from Europe and its shares erased as much as 19%. Yamaha Corporation followed with a 16% decline and dragged down the consumer goods group. Furthermore, Nitto Boseki Co that produces and sells textiles, building materials, and glass fibers lost 4% to close at 360 yen. Alongside to that, Nippon Paper Group posted biggest gains in the gauge with its shares soaring 13%, while Mazda Corporation soared 12% as the carmaker forecast its operating-profit to increase by 80% on weaker Yen. Furukawa Electric Co followed with a 10% rally to cap losses in industrial shares that were 0.6% lower.

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