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Reuters: Nikkei slides as carmakers and exporters sold

Started by chris, July 03, 2008, 03:41:16 AM

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chris

Nikkei slides as carmakers and exporters sold
      


TOKYO (Reuters) - Japan's Nikkei stock average slid 0.8 percent on Thursday, taking aim at an 11th straight day of losses -- the longest losing streak since 1953 -- as growing economic uncertainty clouded the picture for exporters such as Sony Corp Toyota Motor Corp and other carmakers slid after Merrill Lynch downgraded General Motors saying the automaker will need $15 billion (7.5 billion pounds) to shore up liquidity and sending the company's shares tumbling, while trading houses also fell.
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