13 August 2001, 09:28 Japan stocks drop to post-bubble low on Rohm forecast
Tokyo, Aug. 13 (BridgeNews) - Japanese stocks dropped sharply to a
post-bubble intraday low of 11417.70 as investors worried about overall
fiscal 2001 earnings, triggered by Friday's announcement of poor outlook
by major micro-chip maker Rohm Co. With market participants reluctant to
take fresh positions amid Japan's summer holiday period, the Nikkei 225
Stock Average was down 243.76 points, or 2.08%, to 11,491.30.
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