Japan Stock Futures Drop as French Socialist Wins Poll
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Japanese stocks fell, sending the Topix Index to its biggest decline in nine months, after a socialist was elected France’s president, raising concern austerity measures will be rejected in Europe. Shares also fell as U.S. employers added fewer jobs than expected.
Konica Minolta Holdings Inc., a photo film maker that counts Europe as its biggest market, slid 3.9 percent after the euro fell against the yen. Honda Motor Co., a carmaker that counts North America as its biggest market, sank 5.6 percent. Gree Inc. plunged 23 percent after the government said some social network games use “questionable” sales methods.