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Nikkei slips, retailers bruised by Seven & I

Fri Jul 3, 2009 11:36am IST
 
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TOKYO, July 3 (Reuters) - Japan's Nikkei stock average fell 0.6 percent on Friday but pared earlier losses marked after U.S. jobs data dented hopes for economic recovery, with retailers sliding after Seven & I Holdings (3382.T: Quote, Profile, Research) posted poor results.

Oil-linked shares fared badly after oil extended losses down towards $66, while drugmaker Eisai Co Ltd (4523.T: Quote, Profile, Research) fell after a brokerage downgrade.

The benchmark Nikkei .N225 slid 60.08 points to 9,816.07, losing 0.6 percent on the week. The broader Topix .TOPX fell 0.4 percent to 920.62. (Reporting by Elaine Lies)

People light candles at a vigil to commemorate the victims of last year's militant attacks in Mumbai, in front of the India Gate in New Delhi November 26, 2009. Mumbai held tearful memorials and police staged a show of strength on Thursday as India's financial hub marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. REUTERS/Rupak De Chowdhuri
One Year Later

Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan.  Slideshow | Full Coverage