Nikkei Edges Down, Extending Slide to 6th Day

The Nikkei stock average edged down 0.1 percent on Thursday, extending its longest losing streak this year to a sixth session as lower oil prices dented trading houses such as Mitsubishi Corp. Trade was lacklustre ahead of a flood of economic data as growing uncertainty about the global economy thinned the market, although defensive shares such as pharmaceuticals stood firm as investors sought safety. Among other gainers was Sony Corp, which said after the close that it would double sales in BRIC countries to 2 trillion yen by the year ending in March 2011. The benchmark Nikkei shed just 7.6 points after a volatile day that saw it move in and out of positive territory before finishing at 13,822.32.

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