TOKYO, Nov 18 (Reuters) - Japanese shares eased on Thursday,
with cyclicals and oil companies leading losses, after Wall
Street's rally took a breather on worries about inflation.
By 0205 GMT, the Nikkei share average lost 0.69% to
29,484.82 while the broader Topix shed 0.44% to
The setback came after U.S. stocks ended lower overnight,
capped by worries the U.S. Federal Reserve may have to raise
interest rates more aggressively in the future to tame
A wide range of sectors were under water, with only four of
the Tokyo Stock Exchange's 33 industry subindexes rising.
Cyclical shares such as shippers and steelmakers were among
the top losers.
The TSE sea transport index lost 5.0%, with
Kawasaki Kisen sinking 7.3% and Nippon Yusen down 5.2%.
Steelmakers declined 1.4%, with industry leader
Nippon Steel losing 2.3%.
Eisai dropped 7.4% after a European Medicines
Agency panel voted against approval of Alzheimer's drug the
Japanese drugmaker developed with Biogen Inc.
Oil-related shares were also bruised as crude prices dropped
after a Reuters report that the United States was asking major
oil consumers like China and Japan to consider a coordinated
release of oil reserves.
On the other hand, some tech shares retained their strength
following strong earnings from Nvidia with Keyence
up 1.7% and Murata Manufacturing adding 1.4%.
(Reporting by Hideyuki Sano; Editing by Rashmi Aich)