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Nikkei down 0.7 pc as energy, auto stocks slip

Written by: Staff
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Tokyo, Sep 11: The Nikkei average fell 0.66 percent on Monday as energy stocks such as INPEX Holdings Inc. fell following a drop in crude oil prices and shares of auto makers were hit by concern about consumer spending in the key U.S. market.

Japan's revised April-June gross domestic product data, released before the opening, was in line with expectations and had little impact on the stock market. July machinery orders data is due at 2 p.m. (0500 GMT).

The Nikkei was down 105.66 points at 15,974.80, wiping out a 68.05 point gain on Friday. The broader TOPIX index was 0.42 percent lower at 1,613.06.

Reuters

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