TOKYO, June 28 (Reuters) - Japan's benchmark Nikkei index
ended flat on Monday, weighed down by chip-related stocks
tracking a muted Nasdaq trade in the previous session, while
investors were also cautious ahead of key U.S. economic data due
later this week.
The Nikkei was flat at 29,048.02 at the close, while
the broader Topix edged up 0.15% at 1,965.67.
The Topix Growth Index slid 0.05%, while the Topix
Value index rallied 0.35%.
"Some key U.S. economic reports such as jobs data will be
released later this week, so inventors will remain cautious for
the whole week," Tomoichiro Kubota, a senior market analyst at
Matsui Securities, said. "But that does not mean sentiment is
bad as other indexes have risen."
The S&P 500 ended last week at a record high, led by
Nike and several banks, while the Nasdaq closed
slightly lower on Friday.
Chip-making equipment maker Tokyo Electron fell
1.63% and chip-testing equipment maker Advantest lost
Medical service platform firm M3 and drug maker
Eisai fell 1.17% and 1.83%, respectively.
Seven & i Holdings jumped 4.47% after the U.S.
antitrust authorities ordered 7-Eleven to sell over 200 retail
outlets, resolving competition concerns over the Japanese retail
giant's $21 billion acquisition of the Speedway fuel chain from
Asics, which provides gloves and spikes to major
leaguer Shohei Ohtani, tracked a surge in Nike shares to rise
The underperformers among the top 30 Topix names were Daikin
Industries, down 1.09%, followed by Itochu Corp
, which lost 0.91%.
The index of Tokyo Stock Exchange's second section
rose 0.58%, while the Mothers Index of start-up firms
(Reporting by Junko Fujita; Additional reporting by Kevin
Buckland; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)