Japan Stocks Slip, With Nintendo Giving Back After Recent Rally

MarketWatch Pulse

Japanese stocks started Friday flat but soon deflated mildly, with both the Nikkei Stock Average and Topix down 0.2% apiece. With the dollar changing hands for �120.76, almost exactly where it was a day earlier, the major tech and industrial names were a mixed bag, with Sony Corp. up 0.2%, and Panasonic Corp. rising 0.4%, while Hitachi Ltd. lost 0.5%, and Kyocera Corp. fell 0.4%. Shares of Nintendo Co. surrendered 2.9%, consolidating after soaring some 38% in the week to date on news of its plan to make mobile games. Toshiba Corp. rose 2.3%, meanwhile, as it announced commercial production of a 13-megapixel image sensor allowing smartphones and tablets to record HD video at a high frame rate. Financially troubled Skymark Airlines Inc. remained untraded 20 minutes into the session as a Nikkei news report said the carrier's liabilities were more than four times more than previously estimated. And Honda Motor Co. pulled back by a 0.4% after adding more than 100,000 vehicles to its U.S. recall due to faulty airbags.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below