(Bloomberg) -- Japan's Topix index declined, paced
by insurers after companies such as Sompo Japan Insurance Inc.
and Mitsui Sumitomo Insurance Co. reported their profits fell.
Limiting losses, Japan Tobacco Inc., the world's third-
largest traded cigarette maker, jumped the most in five months
after Merrill Lynch & Co. raised its recommendation on the stock.
Itochu Corp. climbed 4.1 percent after Mizuho Securities Co.
lifted its recommendation on Japan's five largest trading houses.
Read more at Bloomberg Stocks News
by insurers after companies such as Sompo Japan Insurance Inc.
and Mitsui Sumitomo Insurance Co. reported their profits fell.
Limiting losses, Japan Tobacco Inc., the world's third-
largest traded cigarette maker, jumped the most in five months
after Merrill Lynch & Co. raised its recommendation on the stock.
Itochu Corp. climbed 4.1 percent after Mizuho Securities Co.
lifted its recommendation on Japan's five largest trading houses.
Read more at Bloomberg Stocks News
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