Nikkei drops for second successive day

<p>The Nikkei is down again today.</p>

The Nikkei has lost value for the second day in a row today (July 25th), with Canon among the major firms to have forced the index down.

After the index got the week off to a good start with two days of gains, it fell away on Wednesday and lost a further 1.1 per cent to 14,562.93 at the end of trading.

According to a report by Reuters, the index rose to as high as 14,748.77 at the open, but dropped away later in the day.

The Nikkei had looked on track to record a sixth weekly increase in a row on Tuesday, but its performance in the last two days has now cast this into doubt.

Canon lost over 7.5 per cent of its value on the Nikkei today and the major drop for the blue chip stock contributed to the losses sustained by the index during the session.

The Nikkei fell back by 0.3 per cent to 14,731.28 yesterday.

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