Tokyo Stocks End Lower; Sony, Rivals Fall
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Japanese shares fell for a fourth straight session on Friday after consumer electronics firm Sony Corp. said its profit would fall, dragging down rival makers of digital products like Pioneer Corp.
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Japan's Nikkei stock average dipped 1.06  percent to a one-month closing low on Wednesday, extending  losses from the day before when poor Japanese industrial output  data put a damper on the economy's outlook.
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Tokyo stocks edged lower Monday for a seventh straight session ahead of earnings announcements by Microsoft and IBM in the United States later this week.
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Japanese shares edged lower by midsession  on Friday but selective stocks bounced back on bargain hunting,  cushioning selling of tech issues triggered by a cut in Sony  Corp.'s operating profit estimate.
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Japan's Nikkei average closed 0.72  percent lower on Tuesday after weak industrial output data  sapped investor appetite for technology issues, but declines  were limited as the dollar firmed against the yen for a second  day.
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The Nikkei average fell for a third  straight session to hit a two-week closing low on Friday as  renewed earnings concerns prompted selling in Tokyo Electron  Ltd., Sony Corp. and other high-tech stocks.
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The Nikkei average fell 0.92 percent at   the opening on Thursday as Advantest Corp. and other tech   issues tracked losses in similar U.S. shares and Sony Corp.   fell due to a delay in the European launch of its video game   console.
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Tokyo's Nikkei average gave up 0.17  percent by the close on Thursday as tech issues such as Canon  Inc. followed their U.S. rivals lower after a downgrade of the  sector by investment bank Goldman Sachs.
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Japanese stocks declined by mid morning on Thursday, led by exporters such as Canon Inc. after the dollar's fall to its lowest in over a month against the yen raised concerns about companies' revenue from overseas sales.
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Tokyo stocks closed down on Tuesday, with  a two-day rally running out of steam as investors locked in  profits in a wide range of stocks ahead of a batch of earnings  reports from leading U.S. firms.
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Tokyo's Nikkei average gave up 0.17  percent by the close on Thursday as techs such as Hitachi Ltd.  followed their U.S. rivals lower after investment bank Goldman  Sachs noted a slowdown in technology spending.
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Tokyo stocks fell on Thursday as caution  about earnings hurt Canon Inc. and other tech firms after  disappointing outlooks this week from chip maker Elpida Memory  Inc. and Nintendo Co.
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Tokyo stocks slipped on Thursday as exporters such as Sony Corp. and Honda Motor Co. Ltd. succumbed to the weakness of the dollar against the yen and gave up some of their gains of the previous three sessions.
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Tokyo's Nikkei average closed lower  Thursday, ending a three-day winning streak as profit-taking  hit Toyota Motor Corp. and other exporters that had benefited  from gains on Wall Street and a weaker yen.
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The Nikkei average fell for a third  straight session to hit a two-week closing low on Friday as  renewed earnings concerns prompted selling in Sony Corp. and  its rivals.
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Tokyo stocks edged down on Thursday  morning as investors took a cautious approach ahead of a  barrage of earnings reports from blue chips such as Sony Corp.
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Japan's Nikkei average fell 1.05 percent on Wednesday on a tumble in U.S. stocks and a stronger yen, and investors sold a wide range of stocks including high-tech exporters such as Sony Corp. that had led the market's recent rally.