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Nikkei falls 1.4 pct hurt by Shanghai, commodities

Published 11/12/2010, 01:24 AM
Updated 11/12/2010, 01:32 AM

TOKYO, Nov 12 (Reuters) - Japan's Nikkei dropped 1.4 percent on Friday from a 4-½ month closing high marked the day before as profit-taking intensified reflecting sharp falls in Chinese shares and plunges in oil and other commodities prices.

Share prices came under pressure as growing wariness over possible further tightening measures by China forced fund operators to lock in profits from risk assets, including commodities and equities.

The Nikkei ended the day down 1.4 percent or 136.65 points at 9,724.81. The Nikkei posted the biggest daily percentage loss since October 29.

The broader Topix index closed down 1.1 percent or 9.39 points at 846.98. (Reporting by Chikafumi Hodo; Editing by Joseph Radford)

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