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Nikkei down after 6-mth high, Toyota falls

business Updated: May 08, 2009 07:48 IST
Nikkei down after 6-mth high

Japan's Nikkei stock average edged down 0.1 percent on Friday after touching a fresh six-month high, with some banks gaining ground after regulators told top U.S. banks to raise $74.6 billion in capital.

But Toyota Motor Corp fell 2.2 percent after the Nikkei business daily said it is likely to forecast a bigger operating loss of 700 billion yen ($7.1 billion) this financial year as global car demand stays weak. Toyota announces results after the close.

The benchmark Nikkei shed 4.62 points to 9,381.08 after earlier rising as high as 9,422.50, its highest since Nov. 5. On Thursday it closed at a six-month high.

The broader Topix lost 0.1 percent to 884.79.