Nikkei, HK lead regional decline, Tokyo stocks were lower by midday Wednesday, weighed down by tech nerves, the fall in U.S.
October 30, 2001 Posted: 10:44 PM EST (0344 GMT)
Matsushita and other Japanese technology stocks were weaker by midday Wednesday
TOKYO, Japan -- Tokyo stocks were lower by midday Wednesday, weighed down by tech nerves, the fall in U.S. consumer confidence and further declines on Wall Street Tuesday.
Hong Kong's market also weakened on the pessimistic news out of the U.S.
Many Japanese tech stocks again slipped as the market weighed the impact of the loss warnings delivered this week by leading computer, chip and consumer electronic stocks such as Matsushita Electric, Canon, Fujitsu, Mitsubishi Electric and Hitachi.
The benchmark Nikkei 225 average was down 71.03 points or 0.68 percent at 10,441.79.
The broader capital-weighted TOPIX index was virtually flat, down 2.5 points or 0.23 percent to 1,065.26.
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