LONDON (ShareCast) - The Nikkei snapped a six session winning streak on Thursday, after a slump on Wall Street overnight, and as cautionary comments from Ben Bernanke and disappointing US economic data dented buyer appetite.
Declining commodity
prices also weighed on today's session while electricals came under fire on concern that prices have risen too high. Shares in
Panasonic (Frankfurt: 853666 - news) fell 1.5%,
Canon (Berlin: CNN1.BE - news) lost 1.4% and
Sony (Munich: 853687 - news) was down 1.3%.
Carmakers also motored lower with Honda and Toyota both down around 1%.
In broker news insurer T&D Holding jumped over 5% after UBS (Virt-X: UBSN.VX - news) placed a "buy" rating on the stock.
The benchmark Nikkei 225 (news) index fell 72 points to 9,668 in Tokyo.
The Hang Seng fell over 2% Thursday with banks and commodities spearheading the decline. Cnooc (0883.HK - news) fell 4.4% in Hong Kong while PetroChina lost 3.25 as the price of US futures fell over $2.
HSBC (LSE: HSBA.L - news) dropped 1.2%, ICBC (0349.HK - news) was down 3.23% while Bank of China fell 1.15% at HK$3.45. Hang Seng Bank bucked the trend and rose 1.9% to HK$115.80.
The Hang Seng closed 104 points lower at 18,472 in Hong Kong.
Global trading group Li & Fung was one of the day's biggest risers, up 5.7% at HK$23.40.
COSCO Pacific (1199.HK - news) fell 5.3% at HK$10.44 on the back of profit taking.
Real (Frankfurt: BJU.F - news) estate also pulled back from recent gains. Henderson Land Development fell 3.7% to HK$47.15
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