Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Japan's Nikkei ends flat as investors cautious ahead of U.S. data

06/28/2021 | 02:30am EDT

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 1.28%.

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 Marathon Petroleum.

Asics, which provides gloves and spikes to major leaguer Shohei Ohtani, tracked a surge in Nike shares to rise 3.68%.

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 gained 0.87%. (Reporting by Junko Fujita; Additional reporting by Kevin Buckland; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION 2.44% 11350 End-of-day quote.46.83%
ASICS CORPORATION -3.16% 2541 End-of-day quote.28.33%
DAIKIN INDUSTRIES,LTD. -1.20% 28000 End-of-day quote.22.16%
EISAI CO., LTD. 1.28% 8450 End-of-day quote.14.62%
M3, INC. 4.91% 8897 End-of-day quote.-8.68%
SEVEN & I HOLDINGS CO., LTD. -1.41% 5192 End-of-day quote.41.90%
TOKYO ELECTRON LIMITED 1.24% 55430 End-of-day quote.44.35%
Latest news "Economy & Forex"
05:50pWall Street extends global slump on China fears
RE
05:48pUtilities Shares Fall But Beat Broader Market Amid Shift to Safety -- Utilities Roundup
DJ
05:46pCommunications Services Shares Move Lower -- Communications Services Roundup
DJ
05:40pTechnology Shares Fall Amid Risk-Off Trade -- Tech Roundup
DJ
05:38pThe WSJ Dollar Index Rises 0.04% to 87.83 -- Data Talk
DJ
05:38pEuro Gains 0.02% to $1.1729 -- Data Talk
DJ
05:38pSterling Lost 0.58% to $1.3658 -- Data Talk
DJ
05:37pTwo key u.s. senators urge justice department to investigate, prosecute unruly air passenger cases -letter
RE
05:37pDollar Lost 0.53% to 109.41 Yen -- Data Talk
DJ
05:37pFinancial Shares Tumble Amid China Property Concerns -- Financials Roundup
DJ
Latest news "Economy & Forex"