TOKYO, March 30 (Xinhua) — Japan’s benchmark Nikkei stock index closed decrease Thursday as traders bought shares after reserving ex-dividend fee rights, though high-technology points discovered favor trimming losses.
The 225-issue Nikkei Stock Average misplaced 100.85 factors, or 0.36 %, from Wednesday to shut the day at 27,782.93.
The broader Topix index, in the meantime, fell 12.16 factors, or 0.61 %, to complete at 1,983.32.
Local brokers mentioned that shares going ex-dividend forward of the tip of the present fiscal yr dictated promoting, regardless of Wall Street’s in a single day features.
“Overall, the market was affected by the shares that went ex-dividend, but it was weaker than expected, given overnight strength of Wall Street,” Yugo Tsuboi, a senior strategist at Daiwa Securities, was quoted as saying.
Losses have been trimmed, nevertheless, as technology-oriented points adopted their U.S. friends larger in a single day, though whereas considerations over the worldwide banking disaster eased considerably, renewed jitters over U.S. and European rate of interest hikes clouded the market temper, analysts right here mentioned.
“The buying of stocks was limited as there is wariness over the economic recession in the United States and Europe as they have been raising their interest rates despite smoldering financial instability,” Toshikazu Horiuchi, an fairness strategist at IwaiCosmo Securities Co., was quoted as saying.
As for the banking disaster particularly, strategists mentioned that “for now” acquisitions of failed U.S. regional lenders and Switzerland’s Credit Suisse, helped allay however not eradicate fears of a Lehman-type international monetary meltdown.
Nikkei heavyweight Softbank Group weighed essentially the most on the Nikkei, dropping 2 %, whereas fellow heavyweight Advantest, a chip-testing gear maker, edged down 0.2 %.
Among technology-linked shares closing in constructive territory, Renesas Electronics superior 1.4 %, whereas Murata Manufacturing added 0.4 %.
Sony Group was a notable winner, in the meantime, ending the day 2.1 % larger.
By the shut of play, oil and coal product, and marine transportation-linked points comprised those who declined essentially the most.
The turnover on the penultimate buying and selling day of the week got here to 2,968.07 billion yen (22.34 billion U.S. {dollars}).