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Nikkei dips as oil firms fall, Fast Retailing up

Written by: Staff
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Tokyo, Dec 5: The Nikkei average lost 0.23 percent on Tuesday as gains in Fast Retailing Co. Ltd. and technology shares such as Kyocera Corp. were offset by losses in energy stocks amid lower oil prices.

Oil developer INPEX Holdings Inc. and other energy firms slipped after oil prices fell below a barrel.

Shares of banks such as Mizuho Financial Group also retreated after Monday's weak capital spending data raised concerns that upbeat growth figures issued in November may be revised down later this week.

The Nikkei was down 37.83 points at 16,265.76, adding to a 0.1 percent fall the previous session. The broader TOPIX index dropped 0.55 percent to 1,598.89.

REUTERS

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