Japanese stocks fell the most in a month on the last trading day of the year, as the yen strengthened against the dollar, reducing the outlook for exporters’ earnings. Benchmark indexes ended 2010 with losses.
Tokyo Electric Power Co. , the utility at the center of the worst nuclear crisis in 25 years, fell today after a record 65 percent surge in the past two days, spurred by investors covering short sales.
Japanese stocks fell for a second day, led by utility companies as uncertainty about the outlook for Japan’s energy industry increased ahead of Tokyo Electric Power Co. announcing its full-year profit plunged.
Retina Institute Japan K.K., which is employing Nobel Prize-winning stem-cell technology to treat eye diseases, plans to sell a stake in itself to a group of Japanese companies next month ahead of a possible initial public offering in five years.