Nikkei 225 index down on stronger Yen and earnings

Japan's Nikkei Stock Average fell on Tuesday pushed by appreciating Yen which strengthened on Spain's recession amid several disappointing earnings reports. Nikkei 225 index fell 1.78% or 169.94 points and settled at 9,350.95. Crystal display manufacturer Sharp tumbled 9.3% after predicting a bigger than expected loss. Tokyo Electron fell 8.3% after the chip-equipment producer announced its net income dropped more than estimated. Euro traded at JPY 105.47 today in Tokyo.