Nikkei slides on talk of Sony losses

Tokyo's Nikkei index shed 4.79% at the close Tuesday, its lowest level in a month, as Japan's electronics giant Sony braced for its first annual operating loss in 14 years.


AFP - Japan's Nikkei stock index slumped 4.79 percent by the close Tuesday, hit by fresh losses on Wall Street and worries about weak corporate earnings.

The Nikkei dropped 422.89 points to 8,413.91.

Media reports that technology giant Sony is set to report its first annual operating loss in 14 years due to weak demand and a stronger yen added to the gloomy mood, dealers said.

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