Nikkei down as exporters hit after US retreat

Tokyo, Oct 30: The Nikkei average fell 0.75 percent early on Monday as a retreat in U.S. stocks after data showing weak quarterly growth in the world's biggest economy dragged down exporters such as Canon Inc. and Toyota Motor Corp.

Data released before the opening showed Japan's industrial production fell 0.7 percent in September from a month earlier, slightly better than a median market forecast of a 1.0 percent decline.

The Nikkei was down 125.55 points at 16,543.52 as of 0003 GMT after falling 0.85 percent on Friday. The broader TOPIX index was down 0.82 percent at 1,637.25.

Earnings continue to be in focus. Major companies to release their earnings results on Monday include Nippon Paper Group Inc, Itochu Corp., Tokyo Gas Co. Ltd., Mitsubishi Motors Corp., Mitsubishi Electric Corp., Nippon Oil Corp. and Kyocera Corp.

Reuters