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Every day receive the best plan of attack for the next day's trading directly from professional trader Kevin Haggerty.| Lewis O'neal | by www.tradingmarkets.com. All rights reserved. | 10.11 | 17:09 |
08% to settle at 16,215.74, the lowest finish since October 4. The Tokyo Stock Price Index of all First Section issues dropped 19.
18 points or 1.19% to 1,597.50, the lowest close since September 27.
Losers led gainers by 1,469 to 179, while 55 issues ended flat. About 1,818.06 million shares were traded today, compared to Tuesday's 1,496.
87 million shares. Toyota Motor hit a lifetime high of 7,370 yen in the day's trade before settling 1.8% higher, following Tuesday's release of upbeat results for the April-September period.
Isuzu Motors rallied 12%. Goldman Sachs upgraded its rating on the company from ''Neutral'' to ''Buy'', raising the issue's target price from 420 yen to 540 yen. In another news, Isuzu was stated to be in talks with Hino Motors, Toyota's truck subsidiary, for a possible tie-up.
Hino shares gained on the news. Mizuho Financial Group and Mitsubishi Estate tumbled almost 3% each. Resona Holdings receded over 2%.
In the retail sector, Aeon shed 1.3%, while Marui Daiei receded 3.3% each.
Retailer Yamada Denki plummeted 7.7% after announcing disappointing earnings numbers Tuesday. Electronics materials maker Showa Denko nose-dived nearly 10% after posting a decline in operating profit for the quarter ended September.
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