Nikkei skids 1.2 pct, Apple suppliers tumble on demand worries

* Nikkei has risen 2.2 pct for the week
* Murata, JDI, Minebea tank on Apple's concern
* Nissan soars after agreeing to buy 34 stake in Mitsubishi Motors
By Ayai Tomisawa
TOKYO, May 13 Japanese stocks slumped in choppy trade on Friday morning, the first drop in five days as Apple's suppliers underperformed on persistent worries about slowing demand for iPhones.
The Nikkei share average shed 1.2 percent to 16,451.81 in midmorning trade after rising as high as 16,804.17 in opening deals. It is poised to snap a four-day winning streak partly weighed by profit-taking, although the benchmark... read more

 
13 May 2016 in World News, Views: 39
Source: Reuters
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