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Tokyo shares opened decrease Monday, monitoring
US falls on investor concern over greater rates of interest, with focus shifting
to Japanese company earnings.
The benchmark Nikkei 225 index was down 1.12 %, or 302.68 factors, at
26,700.88 in early commerce, whereas the broader Topix index fell 0.79 %, or
15.12 factors, to 1,900.79.
“Japanese shares will in all probability be weighed down this week after the US
Nasdaq index hit a brand new low for this yr,” Okasan On-line Securities mentioned.
However some bargain-hunting is more likely to help the Japanese market, with
buyers searching for shares with anticipated good earnings, the brokerage
added.
Main corporations together with Sony, Toyota and SoftBank Group are as a consequence of
publish full-year earnings reviews this week.
The greenback fetched 130.74 yen in early Asian commerce, in opposition to 130.56 yen in
New York on Friday.
Development tools maker Komatsu dropped 4.12 % to three,097 yen and
industrial robotic maker Fanuc slipped 1.88 % to 19,280 yen.
Japan Airways edged up 0.09 % to 2,244 yen after posting an annual
web lack of 177.5 billion yen ($1.3 billion), up from the earlier yr’s
286.7 billion yen loss.
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