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Article: Nikkei slides as exporters hit by yen; JAL soars.
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- September 14, 2009
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Byline: Reuters
TOKYO: Japan s Nikkei stock average fell more than 2 percent in moderate trade on Monday, with Toyota Motor Corp and other exporters battered as the dollar hit a 7-month low against the yen.
But Japan Airlines (JAL) climbed nearly 8 percent following news that the struggling airline was in talks on investment by American Airlines and Delta Airlines.
Smelters slid after copper prices tumbled near two-week lows on Monday, with Shanghai futures touching their 5 percent downside limit on demand woes.
The dollar fell to a seven-month low below 90.21 yen in early Asian trade, helped by talk of Japanese fund repatriation and ...