Sunday, June 24, 2007

Japan's Topix Drops, Led by Property Developers; Takeda, Nintendo Gain

(Bloomberg) -- Japan's Topix index declined, led by
property developers such as Mitsubishi Estate Co., as investors
shifted funds out of shares that may be hurt by the trend of
increasing interest rates.

Limiting losses, some exporters such as Advantest Corp. and
Fanuc Ltd. gained as investors judged the benefit of a weaker
yen outweighed the implications of mortgage defaults in the U.S.


Read more at Bloomberg Stocks News

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