(Bloomberg) -- Japanese stocks slipped, led by steelmakers, after Tokyo Tekko Co. forecast a drop in net income in the current financial year.
Nippon Steel Corp., the world's No. 2 maker of the alloy, lost 3.1 percent and was the biggest contributor to a decline by the Topix index. Tokyo Tekko, a producer of steel bars, fell to the lowest since January 2006. Nippon Steel forecast on Apr. 27 net income will slip 0.3 percent this year.
Read more at Bloomberg Stocks News
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