Wed, 01 Aug 2012 16:26:05 GMT
Japanese stocks plunged after China's PMI data
Nikkei 225 halted its rally on Wednesday, plunging 0.61% to 8,641.85 on weak China's manufacturing data. Disappointing earnings reports also weighed on Japanese equities. Telecommunications sector posted the largest gain, with KDDI and Softbank rising 0.55% and 5.82%. Softbank climbed after announcing a mid-year dividend plan. Energy companies were the weakest, with Inpex and Showa Shell Sekiyu KK sliding 1.25%