TOKYO, July 10 (Xinhua) — Tokyo shares completed decrease for the fifth straight market day Monday as issues over the outlook for the U.S. market put a damper on any dip-buying.
The 225-issue Nikkei Stock Average ended down 198.69 factors, or 0.61 pct, from Friday at a one-month low of 32,189.73.
The broader Topix index, in the meantime, misplaced 11.57 factors, or 0.51 p.c, to complete at 2,243.33.
After opening nearly flat, the market headed north as traders picked up shares that had already fallen to cheap ranges within the ongoing stoop, however promoting strain elevated once more later within the morning.
The market rapidly gave up on earlier beneficial properties as issues grew stronger in regards to the course of the U.S. financial system after the most recent employment knowledge confirmed wages rose and unemployment remained low in June regardless of a slowdown in hiring, analysts right here mentioned.
Decliners had been led by marine transportation, transportation gear and pharmaceutical shares.
The Nikkei’s worst-performing stock was Yaskawa Electric, which shed 3 p.c after reporting disappointing monetary outcomes, because the Japanese incomes season will get underway.
Among main shares, Toyota fell 1.72 p.c to 2,260 yen. Nintendo misplaced 0.72 p.c to six,305 yen. Sony Group dropped 1.35 p.c to 12,830 yen.