european commission: On Tuesday, the key market gauge advanced 71.74 points, according to The Japan Times. The Topix index of all first-section issues closed down 4.65 points, or 0.29 percent, at 1,614.37, after gaining 6.81 points the previous day. The 225-issue Nikkei average lost 94.68 points, or 0.47 percent, to end at 20,130.41. Sellers gained the upper hand after the tech-heavy U.S. Nasdaq composite index dived in New York on Tuesday on the news that the European Commission has fined Google Inc. a record 2.42 billion for breaching European Union antitrust rules, brokers said. Tokyo Electron and other tech stocks took a beating, weighing on the overall market, said Mitsuo Shimizu, equity strategist at Japan Asia Securities Co. But the Tokyo market's downside was supported by the yen's weakening against the dollar, they said.
(news.financializer.com). As
reported in the news.
Tagged under european commission, tokyo electron topics.