• search

Nikkei drops, consumer finance firms lose ground

Written by: Staff
|

TOKYO, July 6 (Reuters) The Nikkei average fell 1.30 percent on Thursday as investors sold Advantest Corp. and other technology stocks amid growing concerns about further rate hikes in the United States, Japan's major trade partner.

Credit Saison Co. Ltd. and other consumer finance firms tumbled after a government advisory group recommended slashing the maximum interest rate they can charge to borrowers.

Analysts said the impact of North Korea's missile tests appeared to be limited as none of the missiles travelled as far as Japan.

The Nikkei lost 202.54 points to 15,321.40, extending its fall to a second session. The TOPIX index was down 1.11 percent at 1,572.29.

REUTERS CS SSC1229

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more