(Bloomberg) -- Japan's Topix index dropped, led by construction companies including Kajima Corp. after the company forecast profit will decline this year.
Kajima, Japan's largest general contractor, plunged 11 percent, the biggest fall in nine years. Obayashi Corp. dropped for a fourth day, extending its slide to 10 percent. Toshihiko Okino, an analyst at UBS AG in Tokyo, said profit forecasts for this year among three of the four largest construction companies missed consensus forecasts.
Read more at Bloomberg Stocks News
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