Sunday, 24 June 2007

Japanese Stocks Drop, Led by Property Developers; Takeda, Matsushita Gain

(Bloomberg) -- Japanese stocks 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 Canon Inc. and
Honda Motor Co. advanced 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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