Nikkei slips 0.4 pct; metals, economic worries weigh
* Nikkei drifts ahead of JAL, megabank earnings
* Profit-taking in broad range of shares
* Key level for Nikkei is 9,500, then 9,000 - analysts
* Nikkei has third consecutive negative week
By Elaine Lies
TOKYO, Nov 13 (Reuters) - Japan's Nikkei stock average lost 0.4 percent on Friday, weighed down by selling of smelters after non-ferrous metals prices fell, with concerns about consumer spending and Wall Street's performance leading to broad selling.
But buying of a range of defensive shares such as seafood company Nippon Suisan (1332.T: Quote, Profile, Research), which surged after a brokerage upgrade, kept the fall in check. A brokerage upgrade also boosted Sharp Corp (6753.T: Quote, Profile, Research)
Activity waned as attention turned to struggling Japan Airlines Corp (9205.T: Quote, Profile, Research) and megabanks Mizuho Financial Group (8411.T: Quote, Profile, Research) and Sumitomo Mitsui Financial Group (8316.T: Quote, Profile, Research), all of which announce results after the close.
"I think a lot of investors want to see what New York stocks will do today after yesterday's slip, since there's a sense that New York may have peaked out," said Yutaka Miura, senior technical analyst at Mizuho Securities. Continued...
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