Tuesday, July 31, 2007

Japan Shares Tumble; Mizuho, Banks Fall on Drop in Profits; Kyocera Slips

(Bloomberg) -- Japanese stocks fell after Mitsubishi
UFJ Financial Group Inc. and Mizuho Financial Group Inc. said
their quarterly profit dropped because of increasing credit-
related costs.

A measure tracking banks plunged 4.5 percent, the worst
performer in the 33 industry groups included in the Topix. Mizuho
had the biggest loss since May 10, 2004.


Read more at Bloomberg Stocks News

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