Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Japanese shares slip as investors take breather after recent rally

09/15/2021 | 11:24pm EDT

TOKYO, Sept 16 (Reuters) - Japanese shares erased early gains on Thursday, as investors took a breather after a rally led by hopes of a new political leadership, while energy stocks tracked overnight gains in U.S. peers.

The Nikkei share average fell 0.47% to 30,367.83 by 0224 GMT, while the broader Topix was down 0.46% to 2,086.76.

"Domestic political developments have lifted Japanese stocks but that momentum is taking a pause after Japanese stocks outperformed the U.S. in recent gains," said Takatoshi Itoshima, strategist at Pictet Asset Management.

"But investors tend to buy on dips in recent days, which shows their sentiment is positive."

Shares that would benefit from domestic demand led losses, with the miscellaneous products index dropping 1.51%, followed by information and technology firms and the brokerages falling 1.41% and 1.36%, respectively.

The miscellaneous index includes game maker Nintendo , which fell 2.65% and sporting good maker Asics , down 6.28%.

Technology heavyweights were the biggest drag on the Nikkei, with Tokyo Electron falling 2.85%, SoftBank Group losing 2.44% and Advantest slipping 3.41%.

On the other hand, energy shares tracked overnight gains in U.S. peers on higher crude prices. Refiners rose 1.99% and oil explorers rose 1.31%.

Toho Zinc Co was the top gainer in the index, rising 5.75%, followed by Fujikura, gaining 4.68% and Idemitsu Kosan, up 3.19%.

Hitachi Zosen, down 4.09%, was the top loser in the Nikkei, followed by Screen Holdings, losing 3.9% and CyberAgent, falling 3.54%.

The Mothers Index of start-up firms lost 4.24%. (Reporting by Junko Fujita; Editing by Rashmi Aich)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION 0.22% 9120 End-of-day quote.17.98%
ASICS CORPORATION -1.16% 2907 End-of-day quote.46.82%
CYBERAGENT, INC. -1.58% 2113 End-of-day quote.18.87%
FUJIKURA LTD. -1.74% 678 End-of-day quote.42.74%
HITACHI ZOSEN CORPORATION 8.36% 933 End-of-day quote.63.68%
IDEMITSU KOSAN CO.,LTD. 1.37% 3330 End-of-day quote.46.70%
NINTENDO CO., LTD. -0.52% 51260 End-of-day quote.-22.13%
SCREEN HOLDINGS CO., LTD. -0.74% 9330 End-of-day quote.22.76%
SOFTBANK GROUP CORP. -0.83% 6238 End-of-day quote.-22.59%
TOHO ZINC CO., LTD. 15.07% 3475 End-of-day quote.49.21%
TOKYO ELECTRON LIMITED 0.93% 50010 End-of-day quote.30.23%
Latest news "Economy & Forex"
05:18pUtilities Down Amid Cyclical Bias, Rising Treasury Yields -- Utilities Roundup
DJ
05:17pCommunications Services Up On Growth Optimism -- Communications Services Roundup
DJ
05:15pFinancials Flat As Treasury Yields Test Recent Highs -- Financials Roundup
DJ
05:14pConsumer Cos Climb On Earnings Optimism -- Consumer Roundup
DJ
05:11pOil prices pull back as U.S. factory data intensifies demand concerns
RE
05:11pHealth Care Slips Amid Cyclical Bias -- Health Care Roundup
DJ
05:09pMotion Picture Academy CEO Hudson to step down in 2023
RE
04:59pU.s. cdc says as of october 18, 10,681,175 people received a booster dose for covid-19 vaccine since august 13, 2021
RE
04:59pU.s. cdc says 218,973,123 individuals have received at least one dose of covid-19 vaccine as of oct 18 vs 218,805,579 individuals as of oct 17
RE
04:59pU.s. cdc says administered 408,797,942 doses of covid-19 vaccine as of oct 18 vs 408,265,959 doses administered as of oct 17
RE
Latest news "Economy & Forex"