Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Japanese shares fall on disappointing tech outlook, pandemic concerns

Stock Markets Apr 30, 2021 08:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

TOKYO, April 30 (Reuters) - Japanese shares ended lower on
Friday, weighed down by technology firms' disappointing outlook,
while a spike in domestic COVID-19 infections hit investor
The Nikkei 225 Index .N225 fell 0.83% to close at
28,812.63, while the broader Topix .TOPX slipped 0.57% to
Japanese tech stocks led the declines, as investors sifted
through latest earnings reports and sold shares of companies
that failed to live up to their lofty expectations for a robust
rebound this year, analysts said.
Investors are also growing more worried about COVID-19, as
new infections in Tokyo and Osaka are rising even after the
declaration of a state of emergency for the two cities at the
start of this week, analysts said.
Tokyo reported 1,027 daily infections on Thursday, the
highest since Jan. 18. "The earnings coming in so far have not justified the
massive rally in stocks from last year, so the upside is
limited," said Ayako Sera, a market strategist at Sumitomo
Mitsui Trust Bank.
"Britain and the United States have shown that vaccinations
lead to a resumption of economic activity, but unfortunately
Japan is lagging behind."
Z Holdings 4689.T fell 7.11% after the search engine
operator and internet advertiser's profit forecasts for the
current fiscal year disappointed investors who were expecting
more benefits from its merger last month with Line, Japan's most
popular messaging app.
Sony Group 6758.T lost 7.714% after the maker of the
PlayStation gaming console said it expects profits to fall as
stay-at-home demand wanes. Murata Manufacturing Co 6981.T also fell 3.55% after the
electronic parts maker's forecasts also fell short of analysts'
One exception to the declines in the tech sector was
CyberAgent Inc 4751.T . Shares of the mobile video-game
operator surged 15.28% after the company raised its earnings

Japanese shares fall on disappointing tech outlook, pandemic concerns

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
© 2007-2022 Fusion Media Limited. All Rights Reserved.
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.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
Sign up with Email