- TOKYO (Reuters) - Tokyo's
Nikkei average fell through an 18-year closing low on Tuesday morning,
led by falls in tech issues such as Matsushita Electric Industrial Co amid
a dearth of trading incentives after a holiday on Wall Street.
-
- The Nikkei was down 1.42 percent at 9,386.61 as of 0026
GMT, falling below an 18-year closing low of 9,420.85 hit on February 6.The
broader TOPIX index fell 1.17 percent to 919.43, its lowest since the bursting
of Japan's economic bubble a decade ago."There's simply no reason
to buy right now," said Yutaka Miura, deputy manager of equity information
at Shinko Securities, referring to the lull before a slew of macro data
set to be released in the United States this week.
-
- Wall Street will get a reading on the state of the U.S.
manufacturing sector on Tuesday when the Institute of Supply Management
(ISM) releases its monthly manufacturing index.Consumer electronics giant
Matsushita dropped 2.05 percent to 1,381 yen, while rival Sony Corp lost
0.78 percent to 5,060 yen.
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- http://biz.yahoo.com/rb/020902/markets_japan_stocks_8.html
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