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Nikkei falls 0.8 pct,exporters dip on economic gloom

Thu Aug 7, 2008 8:09pm EDT
 
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TOKYO, Aug 8 (Reuters) - Japan's Nikkei stock average fell 0.8 percent on Friday, led down by exporters such as Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) amid growing concern about the global economic outlook.

But Toyota Motor Co (7203.T: Quote, Profile, Research, Stock Buzz) was flooded with buy orders after the world's biggest automaker kept its forecasts unchanged despite posting a 28 percent drop in quarterly net profit, dented by a strong yen and slumping U.S. sales. [ID:nT303458]

At 0001 GMT, the benchmark Nikkei .N225 was down 98.46 points at 13,026.53, while the broader Topix had lost 0.8 percent to 1,248.72. (Reporting by Taiga Uranaka)

 

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