Sunday, 29 July 2007

Japan Shares Fall on U.S. Subprime Concern, Ruling Party's Election Defeat

(Bloomberg) -- Japanese stocks dropped after U.S.
residential investment slumped, raising concern the world's
largest economy will slow and Japan's ruling party lost control
of the upper house of parliament in an election.

Sony Corp. slid by the most since June 8 and Nintendo Co.
extended its two-day loss to 8.7 percent, leading exporters
lower after the yen advanced to the highest against the dollar
in more than three months, reducing the value of their overseas
sales.


Read more at Bloomberg Stocks News

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