By Michael Kitchen
LOS ANGELES (MarketWatch) -- Japanese shares staged a broad retreat following stock losses and economic concerns in the U.S., with the yen's overnight rise also weighing on the market. The Nikkei Stock Average dropped 1.1% to 9,548.8, while the Topix gave back 0.6% to 852.1. With the U.S. dollar trading back below the 86-yen level, forex-sensitive shares lost ground, with Renesas Electronics Corp. (JP:6723 704.00, -25.00, -3.43%) (RNECY 4.17, -0.28, -6.29%) down 3.3%, and Nissan Motor Co. (JP:7201 666.00, +18.00, +2.78%) (NSANY 15.39, +0.15, +0.98%) falling 1.2%. Mobile-phone stocks were active, with NTT DoCoMo Inc. (JP:9437 137,000, +500.00, +0.37%) (NTDMF 1,594, -6.50, -0.41%) up 1.4% after the Nikkei business daily reported Apple Inc.'s (AAPL 261.70, -1.28, -0.49%) iPhone 4 smartphone will soon be compatible with DoCoMo's network. The report sent shares of rival Softbank Corp. (JP:9984 2,550, +26.00, +1.03%) (SFTBF 29.30, -0.30, -1.01%) , which currently sells the iPhone 4, down 2.1%. Docomo parent Nippon Telegraph & Telephone Corp. (JP:9432 3,620, +15.00, +0.42%) (NTT 21.30, +0.31, +1.48%) traded 1.8% higher.
