Home / FINANCE / Markets Insider / Nikkei eases as automakers drag, Mitsubishi Materials dives (7203, 7267, 6752, 6762, 5711, )

Nikkei eases as automakers drag, Mitsubishi Materials dives (7203, 7267, 6752, 6762, 5711, )

TOKYO, Nov 24 (Reuters) – Japan’s Nikkei share normal fell
on Friday morning after exporters such as automakers were sold,
while Mitsubishi Materials dived after it pronounced a subsidiaries
falsified data.

The Nikkei declined 0.4 percent to 22,428.83 in
midmorning trade, after markets were sealed for a national
holiday on Thursday. The index is adult 0.2 percent so distant this
week.

Automakers were strike by selling, with Toyota Motor Corp
and Honda Motor Co dropping 1.3 percent after
the dollar forsaken to a two-month low of 111.07 yen on
Thursday, before circumference adult 0.1 percent in Asian trade on Friday.

Other exporters also weakened, with Panasonic Corp
shedding 0.9 percent and TDK Corp disappearing 2.7
percent.

Mitsubishi Materials Corp dived as most as 11
percent after a association pronounced a subsidiaries had falsified
product data, a latest in a array of peculiarity assurance
scandals involving Japanese manufacturers.

That sent a nonferrous steel zone a poorest
performer on a board, down 2.0 percent.

The broader Topix forsaken 0.3 percent to 1,772.69.
(reporting by Ayai Tomisawa; Editing by Jacqueline Wong)

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