TOKYO, Oct 28 (Reuters) - Japanese shares fell on Thursday,
as disappointing outlook by technology blue-chip companies
prompted a broader sell-off, though gains in heavyweight
chip-related shares limited losses.
The Nikkei share average was down 0.9% to 28,829.54
by 0206 GMT, while the broader Topix fell 0.65% to
"I had expected some companies would miss market
expectations at this earnings season but downward revisions were
a big surprise. That has hurt investor sentiment," said
Shigetoshi Kamada, general manager at the research department at
"Investors are awaiting Toyota's earnings next week because
automakers affect their related industries. At the same time the
U.S. Fed's policy meeting is also a big factor for their
Robot maker Fanuc tumbled 8.54% as it cut outlook
for this year, citing shortages of chips and other parts.
Hitachi lost 1.39% production cut of automakers due
to lack of chips had affected the technology conglomerate.
Computer maker Fujitsu also fell 8% after its
outlook missed expectations.
Japanese market also tracked an overnight weaker finish of
S&P 500, which ended lower due to a drop in oil prices and a
pullback in Treasury yields.
Investors remained cautious about central banks' rate
policies ahead of the Fed's policy meeting next week, Kamada
On Thursday the Bank of Japan is expected to keep monetary
policy settings steady, and also project inflation to stay below
its 2% target for at least two more years.
On the other hand, silicon wafer maker Shin-Etsu Chemical
gained 3.21% and chip-making equipment maker Screen
Holdings jumped 8.74 on robust earnings.
Their peers Tokyo Electron rose 1.96% and
Advantest jumped 3.61%, limiting overall losses on
(Reporting by Junko Fujita; Editing by Rashmi Aich)