August 05, 2008
Nikkei edges down in late trade, resource shares slip
Posted by: Thinker : Category: News
(Adds stocks, details) *Nikkei slides in late trade in sympathy with Asian markets *Trading firms battered by low oil, metals prices *Worries weigh as earnings results disappoint By Elaine Lies TOKYO, Aug 5 (Reuters) - Japan’s Nikkei stock average slipped 0.1 percent on Tuesday as the market edged down in sympathy with other Asian markets, with trading houses such as Mitsubishi Corp battered by lower oil and metals prices. Consumer credit firm Credit Saison surged more than 11 percent after financial sources said the consumer credit company was in merger talk with Orix Corp while high-tech firms rebounding from recent selling also helped limit losses. Fast Retailing tumbled 7.8 percent, its…
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