Investing.com - Financial Markets Worldwide
🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Japan shares edge lower as U.S. futures fall

Published 10/13/2020, 11:17 AM
Updated 10/13/2020, 11:20 AM
JP225
-
TOPX
-
3086
-
8233
-
6954
-
9984
-
6273
-
IMING.T
-
INFRO.T
-
IPETE.T
-
MTHR
-

TOKYO, Oct 13 (Reuters) - Japanese shares reversed course on
Tuesday to trade slightly lower as U.S. futures fell during
Asian trade, while investors looked past an overnight tech rally
on Wall Street and waited for corporate earnings results for
further direction.
The benchmark Nikkei share average .N225 slipped 0.14% to
23,525.95 by the midday break, with 84 advancers on the index
against 131 decliners. The broader Topix .TOPX lost 0.13% to
1,641.15.
Nearly two-thirds of the 33 sector sub-indexes on the Tokyo
exchange traded lower, with miners .IMING.T , oil and coal
products .IPETE.T and nonferrous metals .INFRO.T leading the
decline on the main bourse.
Earlier in the session, both indexes tracked Wall Street
higher as a renewed tech rally and expectations of a coronavirus
relief package in the United States helped lift sentiment.
But a near 0.5% drop in U.S. stock futures and a slightly
stronger yen against the U.S. dollar saw both indexes reversing
their course.
Analysts said some investors were also in a wait-and-see
mode ahead of key earnings reports, including those of J.Front
Retailing Co 3086.T and Takashimaya Co 8233.T due later in
the day.
SoftBank Group Corp 9984.T fell 0.88% on profit-taking,
erasing early gains on news that the conglomerate's Vision Fund
was preparing to launch a blank-cheque acquisition company.
Elsewhere, machinery stocks were supported by upbeat data
showing Japan's core machinery orders unexpectedly rose in
August.
Meanwhile, overseas orders, which are not included in core
orders, rose at the fastest pace since April 2014. Fanuc Corp 6954.T climbed about 3%, while SMC Corp
6273.T rose 2.57%.
The Mothers Index .MTHR of start-up firms fell 0.59% and
was set to snap six consecutive sessions of gains.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.