Japan's Nikkei set to fall for fourth straight day on Wall St weakness
05/09/2022 04:41
TOKYO, Sept 5 (Reuters) - Japan's Nikkei share average were
on track to fall for a fourth straight day on Monday, tracking
Wall Street's weak performance in the previous session, with
volumes being lower due to a U.S. market holiday.
The Nikkei .N225 edged down 0.14% to 27,610.75 by the
midday break, while the broader Topix had inched down 0.1% to
1,928.24.
U.S stocks closed out the trading week on a down note on
Friday, as early gains from a jobs report that showed a labour
market that may be starting to loosen gave way to worries about
the European gas crisis. .N
"The market was open today but the number of participants
was limited as investors are not motivated to make active bets
ahead of U.S. labour day holiday," said Chihiro Ota, assistant
general manager of investment research and investor services at
SMBC Nikko Securities
"There aren't any market-moving events and trading volume is
very thin."
The volume of shares traded on the Tokyo Stock Exchange's
main board was 0.43 billion, compared to the average of 1.13
billion in the past 30 days.
Uniqlo clothing store owner Fast Retailing 9983.T dragged
the benchmark index the most, falling 1.11%, even after its same
store sales for August rose nearly 15%. urn:newsml:reuters.com:*:nL4N30916Q
Medical equipment maker Terumo 4543.T lost 1.7% and Toyota
Motor's parts maker affiliate Denso 6902.T slipped 1.81%.
Regional lender Jimoto Holdings 7161.T tumbled 7.96% after
flagging an annual net loss. urn:newsml:reuters.com:*:nXB1VRBBOS
Energy shares rose, with refiners .IPETE.T and explores
.IMING.T rising 1.18% and 0.74%, respectively, after oil
prices jumped. O/R
There were 95 advancers on the Nikkei index against 122
decliners.
(Reporting by Junko Fujita)
((813-4563-2711, junko.fujita@thomsonreuters.com, Reuters
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