TOKYO (Reuters) - The Nikkei average fell 1.3 percent on Wednesday to hit its longest losing streak in more than 40 years, as worries about the global economy hit exporters such as Canon Inc. Shipping firms extended losses after freight charges on the Baltic Dry Index dropped over 2 percent and on worries that high oil prices would hurt demand from emerging markets. The benchmark Nikkei logged its 10th straight negative day, a period in which it has slid about 8 percent, its longest losing streak since February-March 1965. More

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Posted by markw, filed under Economy. Date: July 2, 2008, 3:38 am |

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