TOKYO, Oct. 30 (Xinhua) — Tokyo shares ended decrease on Monday, as uncertainty stoked by the intensifying Israel-Hamas battle weighed on investor urge for food.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 294.73 factors, or 0.95 %, from Friday at 30,696.96.
The broader Topix index, in the meantime, completed 23.41 factors, or 1.04 %, decrease at 2,231.24.
Tokyo shares have been decrease all through the day, as the newest developments within the Middle East drove promoting amid fears of a wider regional battle that might have an effect on the worldwide economic system, analysts mentioned.
Investor sentiment was additionally dampened by various Japanese companies revising down their earnings projections amid the midterm earnings reporting season, analysts mentioned.
On the top-tier Prime Market, decliners have been led by transportation gear, pharmaceutical and textile and attire points.
Hino Motors plunged 99.9 yen, or 18.7 %, to 435.2 yen after saying Friday it minimize its earnings projections for the present fiscal 12 months by March resulting from slowing abroad gross sales and a penalty linked to an engine information falsification scandal.