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Japanese stocks down on Wall Street slump
Published in Saudi Press Agency on 13 - 11 - 2009

Stocks in Tokyo ended the week lower following
losses on Wall Street and lower commodity prices, according to dpa.
The benchmark Nikkei 225 Stock Average index was down 34.18
points, or 0.35 per cent, to 9,770.31, while the broader-based Topix
index lost 0.9 points, or 0.1 per cent, to close at 866.8.
Over the week, the Nikkei lost 0.19 per cent, while the Topix was
down 0.82 per cent.
US stocks fell Thursday as the dollar strengthened against other
currencies, and crude oil and metal prices went down.
Shares of Japanese companies were also dragged down by the lower
commodity prices and concerns over US consumer spending affecting
Japanese exporters as the largest US retailer, Wal-Mart Stores Inc,
published a cautious outlook.
On currency markets at noon (0300 GMT) the dollar traded at
90.21-24 yen, up from Thursday"s 5 pm quote of 89.80-81 yen.
The euro was down at 1.4857-61 dollars, from 1.4963-64 dollars the
previous day and at 134.05-08 yen, down from 134.37-41 yen.


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