Japan Stocks Slide After Heavy Sell-Off in U.S.

Japan Stocks Slide After Heavy Sell-Off in U.S.
Fri, 10 Oct
Share :
Mazda Motor Corp. slid 2.5%, both Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. fell 2.3%, and Toyota Motor Corp. dropped 1.3%. Among financial shares, Japanese bank Sumitomo Mitsui Financial Group, Inc skidded 2.9%, life insurer Dai-Ichi Life Insurance Company, Ltd. lost 2.8%, and brokerage firm Daiwa Securities Group Inc. declined 2.5%. Other market movers included semiconductor firm Renesas Electronics Corp.falling 2.8%, electronics giant Panasonic Corp. down 2.5%, Internet and telecoms conglomerate SoftBank Corp. off 2.4%, and electronics maker Sharp Corporation dropping 1.4%. In other Asian markets, Australia's S&P/ASX 200 headed lower by 1.9%, mainly dragged by mining stocks. Market movers included Alcoa Inc., giving up 4.2%, and Fortescue Metals Group Ltd pulling back 4%.
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