Nikkei down as shippers sink, bailout worries weigh

Newswire

(Updates to midafternoon) TOKYO, Sept 25 (Reuters) - Japan's Nikkei stock average slipped 1.3 percent on Thursday as Mitsui OSK Lines Ltd and other shippers sank as a key freight index fell, while worry about the U.S. financial sector bailout plan weighed on the market. While Congress was considering how and when to act about a proposed $700 billion bailout, U.S. markets were in turmoil. Investors stampeded into cash and safe-haven assets, and experts said banks were hoarding cash, ...

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