Oki Electric News
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Japanese shares dropped, with the Nikkei 225 Stock Average falling from its highest since July 2008, as the yen gained against the dollar and investors await major earnings reports this week.
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Japan’s Nikkei 225 Stock Average gained, capping its best back-to-back quarterly performance since 1972, when “The Godfather” hit the screens and Atari Inc. introduced its “Pong” video game.
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Oki Electric Industry Co. shares plunged the most in at least 37 years in Tokyo after the company said its Spain unit overstated accounts and it will miss the deadline for filing financial reports, prompting the Tokyo bourse to put the company on watch for possible delisting.
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Oki Electric Industry Co. , the Japanese maker of cash dispensers and communications equipment, plunged in Tokyo trading after forecasting a loss on retirement costs and currency fluctuations.
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Japanese stocks fell the most in four weeks as President Barack Obama’s re-election set the stage for a budget showdown to avert the so-called fiscal cliff, and as China’s Communist Party convened to pick new leadership.
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Japan’s Nikkei 225 Stock Average fell 90.47, or 0.9 percent, to 9,558.30 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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Oki Electric Cable (5815) announced full-year group dividend estimates for the period to March 31. Figures are in yen.
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Oki Electric (6703) announced full-year group dividend estimates for the period to March 31. Figures are in yen.
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Japanese stocks fell, with the Nikkei 225 Stock Average dropping the most in a month. Carmakers slid on speculation the yen will remain strong against the dollar as the U.S. Federal Reserve eases monetary policy.
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Japanese stocks climbed, with the Nikkei 225 Stock Average reaching its highest in two weeks, on speculation policy makers in the U.S. and China will announce plans to stimulate the world’s largest economies and as machinery orders in Japan beat expectations.
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