Nikkei down 0.8 %, Fanuc falls after machine data | business | Hindustan Times
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Nikkei down 0.8 %, Fanuc falls after machine data

The Nikkei average falls 0.82 per cent after core private-sector machinery orders data came in weaker than market expectations.

business Updated: Jun 08, 2007 06:00 IST

The Nikkei average fell 0.82 per cent on Friday with industrial robot maker Fanuc Ltd and other machinery stocks down after core private-sector machinery orders data came in weaker than market expectations.

Japan's core private-sector machinery orders, a key gauge of corporate capital spending, rose 2.2 per cent in April from the previous month, government data showed before the start of trade. That was below economists' consensus forecast for a 4.5 per cent increase.

The Nikkei share average was down 148.70 points at 17,904.68 as of 0001 GMT, and the broader TOPIX index lost 0.80 per cent to 1,765.55.