Japanese manufacturing down on markets
by Brian Turner
In Tokyo Tuesday, the technology and auto manufacturing sectors, aided by the effects of a lower dollar and an overnight rise in the price of crude oil all combined to send the markets lower yet again.
Sony was down by 1.8 percent, Cannon retreated by 1.6 percent, and Toshiba fell by 1.1 percent. Sharp was down even more, 2.6 percent, amid legal troubles concerning LCD panels. Going against the grain was Kubotek.
An electronics testing company, Kubotek was up a remarkable 16.3 percent based on rumors that they have found a much faster way of testing for defects in large LCD panels.
In the automobile manufacturing sector, Nissan Motors was down 1.3 percent, Toyota was down 1.2 percent, and Honda was 1.1 percent lower.
Overall, the Nikkei 225 was down 0.6 percent, with total losses on Monday and Tuesday amounting to 200 points. Meanwhile, the Topix index was down as well, by 0.9 percent.
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