Japanese fiber-optic issues also suffered from Nortel's earnings warning
, with Furukawa Electric plunging 230 yen to 1,910 yen, Sumitomo Electric Industries 78 yen to 1,540 yen, and Fujikura 25 yen to 853 yen.
Softbank lost 170 yen to 5,050 yen on an earnings warning
issued by Yahoo!, while Furukawa Electric slipped 67 yen to 1,497 yen on a dour forecast from JDS Uniphase.
Antivirus software developer Trend Micro suffered the day's sharpest fall, of 15.10%, among all issues on the main section as investors dumped its shares on an earnings warning
released last week by Check Point Software Technology, a U.S.
Softbank lost 150 yen to 5,070 yen on an earnings warning
issued by Yahoo!, while Furukawa Electric slipped 59 yen to 1,505 yen on a dour forecast from JDS Uniphase.
The earnings warning
came as the London-based group said it had trimmed production schedules of farm equipment in line with the anticipated lower demand for the rest of this year and into 1999.
The company said yesterday its earnings warning
was due to operational complexities associated with the company's relocation and integration of the group's facilities.
will soon announce an earnings warning
, were lifted to positive territory in the afternoon, contributing to the Nikkei's upswing.
Share prices on the Tokyo Stock Exchange accelerated their downswing and closed sharply lower Tuesday as investors were disappointed with an earnings warning
from leading chip maker Toshiba and news that three general contractors are considering merging operations.
However, the move comes as Yahoo struggles to diversify its revenue base in the midst of a deterioration in the advertising market that has led the internet bellweather company to issue an earnings warning
and temper its growth outlook.
Nortel said the 20-year company veteran, who was appointed chief financial officer last October, sold stock held in his retirement fund before the company issued an earnings warning
on March 27 of last year.
stocks closed sharply lower Thursday on an earnings warning
from computer services giant Electronic Data Systems Corp.
A stunning earnings warning
from Electronic Data Systems and renewed war fears sent Dow Jones blue chips crashing to near the five-year lows of July.