Economics
Nikon Slumps in Tokyo After Cutting Profit Outlook
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Nikon Corp. dropped the most in 17 months in Tokyo trading after lowering its forecast for annual profit, citing the outlook for weakening global economic growth and a stronger yen.
The Japanese manufacturer of cameras and chipmaking equipment plunged 9 percent, the biggest decline since March 15, 2011, to 2,063 yen as of 9:22 a.m. in Tokyo, after falling as low as 2,001 yen.