Publisher: Maaal International Media Company
License: 465734
Japan’s Nikkei index fell in the first session of the week, reversing early gains as investors took profits after last week’s gains of more than 4%, with attention turning to the corporate earnings season.
The Tokyo Stock Exchange reported that Japan’s Nikkei 225 index ended the day’s session down 1.10%, or 457.96 points, to 40,998.27, after touching 41,534.21. The broader Topix index closed down 0.72%, or 21.13 points, to close at 2,930.73. In terms of exchange rates, the US currency rose against its Japanese counterpart by approximately 0.27% to 148.02 yen in morning trading, while the yield on 10-year Japanese government bonds fell by about 3 basis points to 1.572%. Chip stocks led the decline, with Advantest Corp.’s shares falling 8.96%, or 1,030 yen, to close at 10,465 yen. Screen Holdings Co. also fell 9.74%, or 1,190 yen, to close at 11,030 yen after the chip equipment manufacturer reported a 12.2% decline in quarterly operating profit.