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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Japan stocks flat; Toyota falls on mounting woes AP - Thursday, March 11 Send IM Story Print TOKYO – Japanese stocks finished flat Wednesday, as declines by shipping lines and Toyota Motor Corp. offset encouraging economic data. The benchmark Nikkei 225 stock index slipped 3.73 points, or .04 percent, to 10,563.92 in thin trading. With few trading cues, the overall market struggled to find direction. The broader Topix index fell 0.2 percent to 922.44. Toyota shed 1.4 percent to 3,445 yen after the besieged automaker faced more concerns about its quality problems. The company said Tuesday it would expand a recall announced last year to fix Tundra pickup trucks with frames that could rust. It also rushed to deal with fallout from an incident involving a Prius that sped out of control on a California freeway. Sea transport firms also declined in tandem with a 1.5 percent drop of the Baltic Dry Index, a key measure of rates on 40 global shipping routes and an indicator of demand for raw materials. Kawasaki Kisen Kaisha Ltd. fell 2.3 percent to 347 yen, and Mitsui O.S.K. Lines Ltd. lost 1.3 percent to 609 yen. Machinery makers were mostly higher after industry data Tuesday showed that machine tool orders more than tripled in February from a year earlier. Further bolstering sentiment were better-than-expected machinery orders in January. Core machinery orders declined 3.7 percent from December, which beat estimates and confirmed that an overall recovery remained on track. "We maintain our view that capex has already found firm ground and is now starting to pick up," said Kyohei Morita, chief economist at Barclays Capital in Tokyo. Okuma Corp. jumped 5.3 percent to 600 yen, while Komatsu Ltd. added 1.2 percent to 1,915 yen. In currencies, the dollar rose to 90.02 yen from 89.94 yen late Tuesday. The euro was trading at $1.3568 from $1.3598. Recommend Send IM Story Print Related Articles Gazprom Neft Q4 profit misses f'cast, cuts dividend Reuters - 2 hours 32 minutes ago RPT-PREVIEW-NZ cenbank to keep rate steady, outlook in focus Reuters - 2 hours 33 minutes ago Russia on track to miss 2011 budget deficit target Reuters - 2 hours 33 minutes ago Bauxite output not hit by Guinea CBG strike -source Reuters - 2 hours 41 minutes ago CORRECTED - UPDATE 2-Viterra posts profit on fertilizer demand Reuters - 2 hours 42 minutes ago News Search Top Stories China critics, Net founders among record 237 Nobel contenders Germany, France see 'EMF' as medium term aim: Fillon EU-US tanker contract spat to have 'consequences': France Atom smasher set for high speed bash by early April Michelle Obama's ball gown makes museum debut More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Researchers back cancer-fighting properties of papaya Cindy Crawford blackmailer jailed in Germany N.Korea says ready for dialogue and war with US Military plane problems drag EADS into the red World's biggest oil trader ends supplies to Iran: company More Most Viewed » Chile quake moved Earth's axis, shortened days: scientist Experts confirm asteroid wiped out the dinosaurs Florida killer whale to stay in park after deadly attack Researchers back cancer-fighting properties of papaya Common weed-killer chemically castrates frogs: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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