Asia: Canon, strong yen weigh on Nikkei
The Nikkei fell 1.35% on Wednesday with sentiment knocked by a disappointing US consumer confidence report while a stronger yen hurt appetite for exporters.Shares in Canon fell over 3% after it posted another decline in quarterly profit. Honda Motor bucked the downward trend rising 4% after it hiked its annual profit forecasts. Toshiba slumped 4.6% after it issued a gloomy outlook.
Elsewhere shares in Astellas Pharma rose 1.5% after it bought the rights to develop and sell a prostate cancer drug.
The Nikkei 225 index fell 137 points at 10,075 in Tokyo.
The Hang Seng fell 1.84% with shares in Sino Land weighing heavy on the index. Shares in the group fell over 4% on fears about government action to cool sharply rising luxury property prices.
New World Development fell 3.3% to HK$16.95. There is also concern that Beijing will introduce tighter monetary policy as the economy recovers.
In earnings news Aluminium Corp of China fell 2.5% after it posted quarterly figures.
The Hang Seng index dropped 408 points at 21,762 in Hong Kong.
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