Japanese Stocks Fall as Airlines Decline on Broker's Outlook
- Airlines tumble after Mitsubishi UFJ lowers price target
- China considers metal industry call for curb on short selling
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Japanese stocks fell, with airlines leading declines after a brokerage downgraded its price target on the nation’s two largest carriers. Commodity producers rallied on signs China is stepping up its efforts to support the domestic metals industry.
The Topix index dropped 0.5 percent to close at 1,594.45 in Tokyo, capping a 0.5 percent loss for the week that was shortened by a holiday. The Nikkei 225 Stock Average slid 0.3 percent to 19,883.94, falling from a three-month high.