Nikkei Falls 0.8%, Tracking Wall Street`s Declines

The Nikkei Stock Average falls 0.8% to 47885.32 in early trade, tracking Wall Street's declines overnight. The main theme has been risk-off, Commerzbank Research analysts say in a research report.
Investors became uneasy about bad loans at two regional banks in the U.S., triggering worries over broader credit stress in the American economy, the analysts add.
Among the worst performers on Japan's benchmark index, Disco Corp. drops 3.2%, Chugai Pharmaceutical sheds 3.05%, and Screen Holdings loses 3.1%. USD/JPY is at 150.18, compared with 150.44 late Thursday in New York.

Sumber : Dow Jones Newswires