ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAJ Stock Price » CAJ Stock News

Canon Share News

 Canon, Inc. Stock Price
CAJ Stock Price
 Canon, Inc. Stock Chart
CAJ Stock Chart
 Canon, Inc. Stock News
CAJ Stock News
 Canon, Inc. Company Information
CAJ Company Information
 Canon, Inc. Stock Trades
CAJ Stock Trades

Japanese, Nuclear Shares Fall In US In Quake's Aftermath

By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Japanese company shares trading in New York stumbled Monday as investors digested the economic impact of last week's earthquake, and authorities tried to contain radiation from damaged nuclear reactors. A closely watched fund that tracks Japanese stocks slid at the same time that American depository shares of companies like Honda Motor Co. Ltd. (HMC, 7267.TO), Toyota Motor Corp. (TM, 7203.TO) Sony Corp. (SNE, 6758.TO) suffered steep declines. The iShares of MSCI Japan Index Fund (EWJ) fell 7.8% to $9.98 in recent trading on the NYSE Arca exchange after a modest 1.7% loss Friday. Flows of $1.2 billion into the ETF so far in 2011 had been among the highest in U.S.-listed funds prior to the quake. "Until Friday this fund was one of the big winners in 2011 in terms of new money flows," Nicholas Colas, chief market strategist at BNY ConvergEx said in a report. "How much this trend reverses in coming days--and where this money goes--will be a useful sign of investor confidence in Japan." Shares of auto makers fell after the companies extended halts in domestic production at least through Wednesday. Honda fell 4.3% to $38.05 and Toyota dipped 4.3% to $81.40 on the Big Board. Nissan Motor Co. Ltd. (NSANY, 7201.TO), whose shares trade over the counter in the U.S., fell 7.5% to $17.66. in recent trading. Consumer electronics giant Sony Corp.'s shares fell 7.5% to $30.94 in New York after shutting operations at six manufacturing plants on Sunday. Computer hardware maker Canon Inc. (CAJ, 7751.TO) fell 4.9% to $43.33 and Kyocera Corp. (KYO, 6971.TO) traded 5.3% lower to $92.24. Japanese financial companies also traded lower, with Mizuho Financial Group Inc. (MFG, 8411.TO) down 7.5% to $3.59, Sumitomo Mitsui Financial Group Inc. (SMFG, 8316.TO) off 6% to $6.48 and Nomura Holdings Inc. (NMR, 8604.TO) lower by 6.9% at $5.38 on NYSE. The Nikkei Stock Average plunged 6.2% in Tokyo Monday, its worst one-day percentage loss since December 2008. North American stocks tied to uranium production and nuclear energy tumbled as Japanese authorities struggled to contain radiation from damaged reactors. General Electric Co. (GE) led the Dow Jones Industrial Average's decline with a 2.4% drop. The company designed all six of the damaged reactors in Japan. Shares of Canada-based Cameco Corp. (CCJ, CCO.T), the world's largest publicly traded uranium mining company, fell 15% to $31.48 on the NYSE. Between 10%-to-15% of Cameco's sales are to Japan, according to an estimate from TD Newcrest. The analysts noted that Japan accounted for approximately 12% of global uranium demand in 2010, and lowered its stock-investment rating on Cameco to "hold" from "buy." Nevada-based Unanerz Energy Corp. (URZ) fell 24% to $3.00 and Texas-based Uranium Resources Inc. (URRE) traded down 25% to $1.74. Shares of Canada's Uranium Energy Corp. (UEC) fell 20% and Denison Mines Corp. (DNN, DML.T) fell 23% in U.S. trading. Concerns on Wall Street that Japan's nuclear crises could spur higher costs and delays for new and existing nuclear plans weighed on plant operators. Entergy Corp. (ETR) fell 4.7% to $70.26 and SCANA Corp. (SCG) dipped 3.2% to $38.78 recently. Bank of America Merrill Lynch downgraded both stocks to "underperform" from "neutral" Monday, noting Japan's nuclear crisis could hamper expansion plans in the U.S. -By Chris Dieterich, Dow Jones Newswires; 212-416-2611; -Yoshio Takahashi and Hiroyuki Kachi also contributed to this report

Stock News for Canon (CAJ)
10/07/201515:19:00Canon Ranked As One of the 2015 Best Global Brands by Interbrand
10/06/201510:12:00Canon U.S.A. Takes Flight at the 44th Annual Albuquerque International...
10/05/201508:57:24Trend Offset Printing Announced as First U.S. Company to Install...
10/05/201508:30:00IDI Gazeley Buys Warehouse Portfolio
09/30/201508:35:12Community of Canon Solutions America Customers Finds Success...
09/29/201512:31:57Canon Solutions America Expands its Offerings to Support Businesses...
09/28/201514:40:00Canon Information and Imaging Solutions, Inc. Partners with BOX...
09/21/201520:46:16Canon Solutions America Launches the Performance Resource Center
09/21/201520:46:16Canon Solutions America Hosts Customer Appreciation Event
09/21/201520:46:16OneTouchPoint Embraces the Inkjet Movement with Installation...
09/21/201520:46:09New EFI Fiery Print Servers Bring Market-Leading Performance...
09/21/201520:46:04Canon Solutions America Announces Strategic Partnership with...
09/17/201515:46:00Canon EXPO 2015 New York Lives on in an Interactive Website
09/16/201515:35:00Canon U.S.A. Brings Teleretinal Solutions to Vision Expo West
09/10/201509:42:00Canon U.S.A. Launches Océ ColorStream 3000 Z
09/10/201509:20:00Canon U.S.A. Unveils Bold Solutions at Graph Expo 2015
09/08/201510:17:00Canon Adds AirPrintTM Support for Newest imageCLASS Laser Multifunction...
09/08/201509:57:00Canon U.S.A. Responds to Customer Demand with New PRISMAsync...
09/08/201509:28:00Canon Introduces Its First Two 4K Field Lenses
09/08/201509:27:00Canon Develops APS-H-Size CMOS Sensor with the World’s Highest P...

Canon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations