Nikkei Down After 8 Straight Positive on Concern over U.S. Holiday Retail Sales (MTU, NIPNY, EWJ, HIT, NMR, HMC, SNE, PIO, SANYY, ATE, TMIC)

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Includes: ATE, EWJ, HMC, HTHIY, MTU, NIPNF, NMR, PNCOF, SANYY, SNE, TMICY
by: Steven Towns

The Nikkei 225 failed to gain ground for the 9th consecutive day but the TOPIX did manage to squeeze out a small finish in the black. Trading was dominated by concerns over the strength of the U.S. holiday shopping season, of which a number of big-name Japanese exporters depend on similar to their American counterparts. Domestic-oriented stocks on the other hand did quite well explaining the slight gain by the broader TOPIX Index.

Nikkei 225: -59.24 (-0.40%) closed at 14,927.70, opened nearly 97 points lower than prior close of 14,986.94, intra-day high of 14,995.08, low of 14,868.03

TOPIX: +1.14 (+0.07%) closed at 1,544.57, opened about 5 points lower than prior close of 1,543.43, intra-day high of 1,547.53, low of 1,536.56

JASDAQ: +0.76 (+0.69%) closed at 110.68, also the high on the day, traded as low as 110.01

Yen: Traded in the upper Y118/US$1 to lower 119 range

Today's advancers and decliners among Tokyo Stock Exchange traded stocks with ADRs:
* Advancers: Mitsubishi UFJ Financial Group (ticker: MTU) +1.31%, NEC (ticker: NIPNY) +0.99%

* Decliners: Trend Micro (ticker: TMIC) -2.41%, Advantest (ticker: ATE) -2.18%, Sanyo (ticker: SANYY) -1.82%, Pioneer (ticker: PIO) - 1.80%, Sony (ticker: SNE) -1.77%, Honda (ticker: HMC) -1.76%, Nomura Holdings (ticker: NMR) -1.70%, Hitachi (ticker: HIT) -1.66%

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