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Monday April 11, 02:37
MARKET SNAPSHOT: JAPANESE EQUITIES
(by Sh.Nakata)

Japanese stocks fell for the first day in five on bad news from the technology sector.

The Nikkei 225 fell 129.11 points, or 1.1%, to 11,745.64, the biggest drop in two weeks.

Shares of Elpida Memory, Japan’s largest maker of computer memory chips, tumbled 5% after the company reported a net loss of 1.79 billion yen ($16.5 million) for the quarter ended March 31, compared with a 491 million yen profit last year. In January Elpida was expectig profit to be at least 2.1 billion yen for the fourth quarter.

Advantest fell 1.42% to 8350 yen, Canon was down 1.02% to 5820 yen. Sony declined 0.91% to 4340 yen.

 

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