Nikkei edges lower on weak Wall St

Thursday as exporters and construction equipment makers dropped, tugging the market slightly below a 52-month high tapped the previous day following weakness on Wall Street. The Nikkei dropped 0.4 percent to 11,425.25. On Wednesday, the Nikkei rose as high as 11,510.52, also the highest level since late September 2008. Hiroichi Nishi, an assistant general manager at SMBC Nikko Securities, said there were more than 40,000 call option orders at the 11,500 mark for the past two days, suggesting that the index faces some resistance from the seller side close to that level. sharenet