Nikkei drops on Sony losses

<p>Sony’s share price dipped and the Nikkei fell.</p>

The Nikkei ended the week on a low after today's session (November 1st), dragged down by the poor performance of Sony stocks.

It fell by 0.9 per cent to 14,201.57 points, following on from the 1.2 per cent losses it sustained during trading yesterday, Reuters reports.

SoftBank, Toshiba and Honda were among the businesses to see their stocks drop in value in yesterday's session.

Sony's share price fell by over 11 per cent today on the back of the company lowering its profit forecasts and this had a negative impact on the market.

Major players such as Nitto Denko Corp and NTT Data Corp were also down on the day, but the Nikkei was still able to jump 0.8 per cent for the week overall.

The index is therefore up 37 per cent since the start of the year, with the poor performance of stocks in the last two days of the week not having a major effect on the market's overall health.

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