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Nikkei Falls on Tech Stock Losses

Economy

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Tokyo, February 02 (QNA) - The Nikkei Japanese index recorded its largest drop in a week on Monday, as losses in technology and resource stocks outweighed early gains achieved amid a weaker yen.
The benchmark Nikkei 225 index fell 1.2 percent to close at 52,655.18 points, while the broader Topix index decreased 0.85 percent to 3,536.13 points.
The Nikkei index had risen 1.7 percent in early trading, supported by the weaker yen that benefits exporters. 93 stocks on the Nikkei rose, compared with 132 that fell.
Shares in Japan's resource sector declined with lower gold and silver prices.
The largest losses were in Lasertec, a maker of semiconductor inspection equipment, which plunged 14 percent, followed by Sumitomo Metal Mining Co Ltd, which fell 11.4 percent.
The biggest percentage gains were in Hino Motors, a truck maker that rose six percent, and Komatsu, a construction equipment maker that rose 4.8 percent. (QNA)

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