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japanese stocks fall led by canon on concern over

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    Japanese Stocks Fall Led by Canon on Concern Over US Economy

    By Makiko Suzuki

    Oct. 30 (Bloomberg) -- Japanese stocks fell after a U.S. government report showed the world's largest economy grew at the slowest pace in more than three years. Companies that rely on U.S. sales, such as Canon Inc. declined.

    ``The U.S. GDP figure failed to meet investors' expectations, and it will trigger selling in the Japanese market today,'' said Norihiro Fujito, strategist at Mitsubishi UFJ Securities Co. in Tokyo.

    The Nikkei 225 Stock Average dropped 152.19, or 0.9 percent, to 16,516.88 a 9:11 a.m. in Tokyo. The broader Topix index slid 15.35, or 0.9 percent, to 1635.38.

    Nikkei futures expiring in December fell 0.9 percent to 16,540 in Osaka and lost 1 percent to 16,540 in Singapore.

 
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