Japan Stocks Fall On U.S. Losses, Greek Politics

LOS ANGELES ? ?Japanese stocks lost ground in early Wednesday trading, as overnight losses in the U.S. and the prospect of new Greek elections weighed on large-cap names despite a weakening for the yen against the dollar. The blue-chip Nikkei Stock Average fell 0.5% to 8,856.44, with the drop outpacing a 0.4% early loss for the broader Topix. Among the decliners, Panasonic Corp. lost 1.3%, Fujitsu Ltd. fell 1.6%, and Mitsubishi Motors Corp. retreated 1.3%. Japan's top banks, however, offered some support after posting relatively solid profit numbers late Tuesday, with Mitsubishi UFJ Financial Group Inc. rising 0.6%, Mizuho Financial Group Inc. ahead by 1.8%, Sumitomo Mitsui Financial Group Inc. adding 0.7%.

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