Japanese shares dropped on US fiscal cliff, mixed China's numbers

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
Japanese shares fell on Friday amid US fiscal worries and mixed China's numbers. China's CPI unexpectedly dropped, while industrial production rose more-than-expected last month. On-going worries over indebted eurozone also weighted down on the Japan's stocks. The Nikkei 225 Index slid 0.90% to end the week at 8,757.60. All sectors within the index tumbled. On the upside, Nippon Telegraph and Telephone rose 4.20% after announcing its midterm management plan. At the same time, the top-losers were utility and technology sectors. Shares of Chubu Electric Power, Kansai Electric Power and Osaka Gas plummeted 1.81%, 2.52% and 1.52%, respectively. Among technology firms, Canon and FUJIFILM Holdings dipped 0.80% and 0.86%. Meanwhile, Toyota Motor edged down 0.48% despite unveiling plans to sharply increase production in Thailand. Nippon Steel & Sumitomo Metal lost 1.95% after the company reported disappointing performance in the first half ended September.


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