Nikkei sets longest losing streak in half century
*Nikkei marks 11th day of losses, longest since 1954
*Exporters down as U.S. economic gloom grows
*Eyes on U.S. jobs data and ECB rate decision (Adds trade volume, details)
By Aiko Hayashi
TOKYO, July 3 (Reuters) - The Nikkei share average dipped 0.2 percent on Thursday to set its longest losing streak in more than half a century as worries about high oil prices and the global economy hit exporters such as Toyota Motor Corp (7203.T: Quote, Profile, Research).
Commodity-linked stocks such as trading house Mitsubishi Corp (8058.T: Quote, Profile, Research) fell after their recent bullish runs, even though oil hit a fresh record on Thursday, with U.S. crude CLc1 rising as high as $144.44 a barrel.
The Nikkei fell for an 11th day, giving up 8.2 percent during that period, its longest falling streak since a 15-day losing run in 1954.
Still market participants appeared rather calm on this historical milestone.
"Things are getting increasingly gloomy because of the impact from high oil prices as indicated by U.S. car sales data, but not every investor is pessimistic even after a 10-day losing streak," said Soichiro Monji, chief strategist at the equity management department of Daiwa SB Investments. Continued...


