Nikkei 225 down on NEC earnings report

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Source: Dukascopy Bank
Japan's Nikkei Stock Average closed slightly lower on Friday, pushed down by weaker than expected report from high tech manufacturer NEC Corp amid appreciating Yen. Nikkei 225 index fell 0.09% or 8.25 points to 8,841.22 with technology and financial shares posting the biggest losses. NEC Corp. plunged 7.14%, while JFE Holdings and T&D Holdings each dropped 3.8%. Japanese PM Yoshihiko Noda called nation's central bank to intervene and curb the appreciation of home currency as it is harming export-oriented stocks. 

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Fri, 27 Jan 2012 17:58:02 GMT

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