Japanese Stocks Fall the Most in Almost Six Weeks on U.S. Data
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Japanese stocks fell, dragging down benchmark indexes by the most in almost six weeks, on concern the global economic recovery may falter after U.S. reports showed manufacturing contracted and wholesale prices dropped.
Sony Corp., an electronics maker that gets 22 percent of sales in the U.S., tumbled 5 percent. Canon Inc., a camera maker that gets about 80 percent of its revenue outside Japan, sank 3.2 percent as the dollar weakened to its lowest level this year against the yen. Nintendo Co., the world’s biggest maker of portable video-game players, slumped 2.7 percent as U.S. sales of its DS consoles declined.