Monday, May 14, 2007

Japan's Stocks Drop After Machinery Orders Unexpectedly Fall, Led by Sony

(Bloomberg) -- Japanese stocks dropped after machinery orders unexpectedly fell 4.5 percent in March, indicating companies are not optimistic about growth prospects.

Shares of companies most sensitive to changes in the economy that have outperformed the Topix index, led declines. Sony Corp., the world's second-largest consumer electronics maker, which had climbed 28 percent so far this year, slumped the most in two months.


Read more at Bloomberg Stocks News

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