Monday May 12, 03:41 AM
Tokyo shares end morning lower after Wall Street fall
TOKYO (Thomson Financial) - Japanese shares finished Monday morning lower after Wall Street suffered losses on Friday, with investors discouraged by a huge first-quarter loss from insurer American International Group (NYSE: AIG
- news) and record-breaking oil prices.
The Nikkei 225 Stock Average ended the morning down 23.3 or 0.2 percent to 13,632.04, off a low of 13,540.68.
The broader Topix declined 9.84 points or 0.7 percent to 1,331.89, after falling as low as 1,327.21.
Decliners outnumbered gainers 1,080 to 500 with 129 issues unchanged.
Volume declined to 723 million shares from 964 million shares on Friday, when turnover unusually increased because of the day's special quotation (SQ) settlements for futures and options contracts.
($1 = 103.06 yen)
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