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Latest Business News

Japanese Stocks Drop; Dollar Up vs. Yen

Thursday, November 09, 2006 3:47:24 AM

A pedestrian speaks on the mobile phone in front of a stock indicator in Tokyo Wednesday, Nov. 8, 2006. Japanese stocks fell Wednesday, led by domestic-related stocks on interest rate hike fears as traders remained cautious ahead of U.S. Congressional elections results. The benchmark Nikkei 225 index fell 177.67 points, or 1.08 percent, to finish at 16,215.74 points on the Tokyo Stock Exchange. (AP Photo/Katsumi Kasahara) TOKYO (AP) - Japanese stocks slipped Thursday, hurt by declines in bank and real estate stocks amid concerns about a possible lull in the economy. The dollar rose against the yen.

The Nikkei 225 index fell 17.17 points, or 0.11 percent, to finish at 16,198.57 points on the Tokyo Stock Exchange. The index fell 177.67 points, or 1.08 percent, Wednesday.

Stocks initially were mixed as traders shrugged off gains in New York Wednesday with the Dow Jones industrials reaching another record. But the Tokyo market dropped in afternoon trading.


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