The Tokyo Stock Exchange closed down today. The Nikkei has lost the 1, 1% to 14,562.93 points and the Topix the 1, 4% to 1202.32 points.
A weighwere the weak performance yesterday by Wall Street and the negative news coming from the corporate front.
Canon (JP3242800005) has lost 5.4%. The first manufacturer in the world of digital cameras has cut its operating profit forecasts for the current year.
Shin-Etsu Chemical (JP3371200001) has lost 4%. The world’s largest producer of silicon wafers provided an outlook for the current year lower than market expectations.
The decline in commodity prices has affected the mining and petroleum. In the mining sector Sumitomo Metal Mining (JP3402600005) has lost 2.4%, Mitsui Mining & Smelting (JP3888400003) 0.8% and Mitsubishi Materials ls (JP3903000002) 0.8%. In the oil sector Cosmo Oil (JP3298600002) has lost the 1, 6% and Japan Petroleum Exploration (JP3421100003) 2.3%.
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