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Nikkei dips, exporters hurt by yen and economy worry

Published 08/11/2009, 08:10 PM
Updated 08/12/2009, 04:23 AM
CAJPY
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TOKYO, Aug 12 (Reuters) - Japan's Nikkei stock average lost 0.8 percent on Wednesday, tracking falls in U.S. shares on resurgent worries about the strength of a U.S. economic recovery, with Canon Inc and other exporters hit by a stronger yen.

But Sapporo Holdings jumped 2.8 percent to 579 yen after the Nikkei business daily said the company will buy a 20 percent stake in drinksmaker Pokka Corporation as part of a three-way tie-up with Meiji Holdings. The benchmark Nikkei shed 82.31 points to 10,503.15 after posting a 10-month closing high of 10,585.46 on Tuesday. The broader Topix fell 0.9 percent to 964.41. (Reporting by Elaine Lies; Editing by Edwina Gibbs)

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