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Nikkei falls 1 pct on yen, machinery stocks slide

Published 07/07/2009, 08:10 PM
Updated 07/07/2009, 08:16 PM
HMC
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TOKYO, July 8 (Reuters) - Japan's Nikkei average fell 1 percent on Wednesday, as exporters such as Honda Motor fell on a stronger yen and after talk of a second U.S. government stimulus plan sent U.S. stocks to their lowest level in 10 weeks.

Komatsu and other machinery makers slid after data showing Japan's core private-sector machinery orders unexpectedly fell 3.0 percent in May from the previous month, suggesting a recovery in capital spending may be delayed.

The benchmark Nikkei fell 98.98 points to 9,548.81. It fell 0.3 percent the previous day, booking falls for five straight trading days in which it shed 3.1 percent.

The broader Topix slipped 1 percent to 899.79. (Reporting by Aiko Hayashi)

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