Japan Stocks Fall From Highest Since 2010 on Euro Concern
This article is for subscribers only.
Japanese shares fell, with the Nikkei 225 Stock Average retreating from its highest in 32 months, as Hitachi Ltd. and Fujikura Ltd. cut their forecasts and concern about Europe’s debt crisis deepened.
Hitachi, a maker of electronics and machinery, declined 6.4 percent, while cable-manufacturer Fujikura tumbled 7.3 percent. Konica Minolta Holdings Inc., a producer of imaging equipment that gets 28 percent of its sales in Europe, dropped 3.1 percent. Nippon Sheet Glass Co. led gains on the Nikkei 225 after Daiwa Securities Group Inc. recommended the shares. Toyota Motor Corp. slid 1.2 percent before posting earnings at the close.