Thursday, 21 June 2007

Japan's Shares Slip, Led by Toyota, Sumitomo Metal Mining; Japan Air Gains

(Bloomberg) -- Japanese stocks declined, with the
Nikkei 225 Stock Average retreating for the first time in seven
days. Automakers fell after companies including Toyota Motor
Corp. failed to block Senate agreement to raise U.S. fuel
economy standards for new cars and trucks.

Shares that had a large advance in recent sessions also
slipped as investors judged the gains excessive. The Nikkei
climbed to a seven-year high and had the longest winning streak
in six months to yesterday's close. Mitsubishi Corp., which
jumped 8.6 percent in the last six days, fell 0.9 percent.


Read more at Bloomberg Stocks News

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