Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Japan shares fall on profit taking as investors eye earnings

Published 12/10/2020, 03:19
Updated 12/10/2020, 03:24
© Reuters.

By Stanley White
TOKYO, Oct 12 (Reuters) - Japanese stocks fell on Monday as
concerns about upcoming corporate earnings reports prompted some
investors to take profits, with industrial and consumer
discretionary sectors leading the decline.
The Nikkei index .N225 was down 0.30% at 23,548.46 by 0134
GMT, while the broader TOPIX .TOPX fell 0.16% to 1,644.81.
Shares of Yaskawa Electric Corp 6506.T were the biggest
decliner on the Nikkei, sinking 6.13% after the industrial robot
maker said on Friday it expects its dividend payments to fall by
around half. Analysts said the news also weighed on broader sentiment,
with investors also reluctant to buy stocks due to uncertainty
about the U.S. presidential election on Nov. 3 and how that will
affect economic policy.
The second-biggest decliner on the Nikkei was Citizen Watch
Co Ltd 7762.T , down 3.58%, followed by industrial conglomerate
JGC Holdings Corp 1963.T , losing 2.52%.
The largest percentage gainers in the index were property
developer Mitsui Fudosan Co Ltd 8801.T , up 1.8%, followed by
air carrier ANA Holdings Inc 9202.T , gaining 1.4%, and
investment fund SoftBank Group Corp 9984.T , up by 1.3%.
There were 54 advancers on the Nikkei index against 165
decliners.
The volume of shares traded on the Tokyo Stock Exchange's
main board .TOPX was 0.32 billion, compared with the average
of 1.16 billion in the past 30 days.

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.