Nikkei falls on U.S. rates speculation; Ricoh tumbles
TOKYO, Feb 22 (Reuters) - Japan's Nikkei share average fell
on Thursday on across-the-board selling after U.S. shares
dropped overnight on speculation about faster interest rate
hikes, while Ricoh stumbled after a media report said it was
considering an impairment charge.
The Nikkei declined 1.1 percent to 21,736.44.
Ricoh Co declined 3.9 percent, following the report
which said it was considering taking a charge of up to 100
billion yen ($930 million) this fiscal year.
Ricoh said in a statement it was unclear if it would book an
impairment loss or what the amount would be pending the test
results. The company said it was conducting "impairment tests".
Shippers underperformed, with Kawasaki Kisen
falling 2.0 percent and Nippon Yusen dropping 1.0
On Wednesday, the European Commission handed out 546 million
euros ($673.49 million) in fines to car shipping groups and car
parts suppliers , including the two shippers, for
The broader Topix declined 0.9 percent, with all of
its 33 subsectors in negative territory.
(Editing by Richard Borsuk)
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