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nikkei down as exporters hit after u s retreat

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    Nikkei down as exporters hit after U S retreat
    11:09, Monday, 30 October 2006

    (Updates to opening)

    TOKYO, Oct 30 (Reuters) - The Nikkei average fell 0.75
    percent early on Monday as a retreat in U.S. stocks after data
    showing weak quarterly growth in the world's biggest economy
    dragged down exporters such as Canon Inc. <7751.T> and Toyota
    Motor Corp. <7203.T>.

    Data released before the opening showed Japan's industrial
    production fell 0.7 percent in September from a month earlier,
    slightly better than a median market forecast of a 1.0 percent

    The Nikkei <.N225> was down 125.55 points at 16,543.52 as of
    0003 GMT after falling 0.85 percent on Friday. The broader TOPIX
    index <.TOPX> was down 0.82 percent at 1,637.25.

    Earnings continue to be in focus. Major companies to release
    their earnings results on Monday include Nippon Paper Group Inc.
    <3893.T>, Itochu Corp. <8001.T>, Tokyo Gas Co. Ltd. <9531.T>,
    Mitsubishi Motors Corp. <7211.T>, Mitsubishi Electric Corp.
    <6503.T>, Nippon Oil Corp. <5001.T> and Kyocera Corp. <6971.T>.
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