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Topix Declines Amid Commodity Slump Ahead of Japanese Earnings
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Japanese stocks fell as a commodities slump deepened and poor earnings in the U.S. heightened investor concerns ahead of the start to Japan’s earnings season.
Hitachi High-Technologies Corp. sank 10 percent after operating profit shrank. SMC Corp. fell 2.7 percent as Barclays Plc lowered its rating on the industrial-parts maker. Exporters dropped after the yen strengthened, sending Toyota Motor Corp. down 1.1 percent to be the biggest drag on the Topix index.