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Market Scramble: Loss of earnings peeks throws Tokyo investors off-kilter

TOKYO -- For investors that pick Japanese stocks based on their own analysis of fundamentals, the choppiness seen during earnings season this year has been wrenching.

On a day when the Nikkei Stock Average advanced 1.6% on the latest news in the U.S. presidential race, Internet Initiative Japan dropped 11%. Monday's decline was the biggest in more than two and a half years for the internet service provider, which last week cut its full-year net profit forecast by 40%.

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