Japanese Stock Futures Fall as Slowdown Erodes Earnings
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Japanese stock futures and Australian equities fell on concern the global economic slowdown is crimping corporate earnings and as commodities erased this year’s gains.
American Depositary Receipts of Canon Inc., camera maker that gets 80 percent of its revenue overseas, fell 1.6 percent from the closing price in Tokyo. Kawasaki Heavy Industries Ltd. may be active in Tokyo after the gas-turbine maker said in preliminary a statement first-half earnings missed its forecasts on the economic slowdown in China and Europe. BHP Billiton Ltd., Australia’s biggest oil producer and the world’s No. 1 mining company by market value, lost 1.7 percent after crude and metals prices declined.