Nikkei 225 Halts 12-Week Rally on Sony Loss, Euro Concern
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Japanese shares fell, with the Nikkei 225 Stock Average ending its longest streak of weekly wins since 1959, as Sony Corp. plunged on an unexpected loss and amid eurozone recovery concern.
Sony slumped 10 percent, the television maker’s biggest drop since November 2008. Nintendo Co., a maker of game consoles that gets 34 percent of its sales in Europe, fell 2.7 percent. Asahi Glass Co. declined 6.9 percent after its earnings forecast fell short of estimates. Yamada Denki Co. gained 5.8 percent after the consumer-electronics retailer said operating profit will beat expectations.