Economics
Japanese Stocks Fall as Builders, Steelmakers Lead Loss
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Japanese stocks fell, with the Topix index paring its second weekly advance, as builders and steelmakers led the decline.
Toyo Construction Co. slumped 5 percent, leading losses on the Topix gauge tracking the industry. Maeda Corp. fell 3.8 percent after Daiwa Securities Group Inc. lowered its rating on the builder of apartments and infrastructure projects. Japan Steel Works Ltd. slid 2.5 percent after a report the company may miss targets for profit and orders. GungHo Online Entertainment Inc. gained 1.4 percent on plans for parent SoftBank Corp. to buy the unit’s stake in a Finnish online game developer.