Nikkei 225 drops after higher opening - News - Dukascopy Bank

Thu, 26 Jan 2012 12:22:09 GMT
Source: Dukascopy Bank
 
© Scanpix/AFP
Japan's Nikkei Stock Average opened higher on Thursday but erased gains later and closed into negative area, dropping 0.41% or 36.52 points to 8,847.17. Exporters experienced the biggest losses as Toshiba Corp. declined 1.7%, Sharp Corp. edged down 0.6%  and  Hitachi Ltd. gave up 0.9%. Nintendo Co and NEC Corp. lost 0.9% and 1.2% respectively ahead of their earnings reports. On the upside Tokyo Electric Power Co. jumped 5.45%  after announcing, it plans to become profitable again in 2014. 


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