Log in
E-mail
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 shares end lower on caution ahead of U.S. inflation data; Eisai jumps

06/09/2021 | 02:39am EDT

TOKYO, June 9 (Reuters) - Japanese equities closed lower on Wednesday, on profit-booking in shippers and semiconductor stocks, with investors awaiting U.S. inflation data as it could influence how soon the Federal Reserve pares its stimulus programme.

Financial firms and insurers declined after a retreat in long-term U.S. Treasury yields dampened the outlook for returns on their portfolios.

Eisai Co, however, surged 16.26%, rising by the daily limit for a second straight session after its Alzheimer's drug received a nod from U.S. regulators on Monday.

The Nikkei share average ended 0.35% lower at 28,860.80, while the broader Topix was down 0.28% at 1,957.14.

"Japanese investors want to see the U.S. CPI number tomorrow, and if it's not faster than expected, that should come as a relief to markets and could very well result in a rally," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.

Right now though, "there's a strong wait-and-see attitude overall in markets," he said, adding that investors booked profits and squared positions ahead of the data.

The Topix's sea transport subsector was the biggest decliner, sliding 3.33%, following its surge to the highest in more than a decade. Kawasaki Kisen led declines on the Nikkei with a 4.54% tumble, while Mitsui OSK Lines lost 3.59%.

Semiconductor firm Lasertec dropped 3.86%, declining for a third day after climbing to a record peak.

Air transport was the best performing subsector, rising 3.26%, followed by a 3.11% jump for real estate , as Japan's accelerating coronavirus vaccination programme buoyed the outlook for people to return to offices and start travelling by airplane again.

Pharmaceutical companies rose 1.18%.

After Eisai, Sumitomo Realty and Development Co was the best performer on the Nikkei, with a 7.55% rally. Mitsubishi Estate and Tokyo Tatemono followed suit, rising 4.05% and 3.75%, respectively. Airline ANA Holdings added 3.38%.

(Reporting by Kevin Buckland in Tokyo; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. -0.87% 2563.5 End-of-day quote.12.58%
EISAI CO., LTD. -3.50% 8983 End-of-day quote.21.85%
KAWASAKI KISEN KAISHA, LTD. 6.44% 3720 End-of-day quote.76.14%
LASERTEC CORPORATION -2.89% 20470 End-of-day quote.69.03%
MITSUBISHI ESTATE CO., LTD. -1.01% 1712 End-of-day quote.3.32%
MITSUI O.S.K. LINES, LTD. 12.33% 5650 End-of-day quote.79.37%
NIKKEI 225 -1.80% 27283.59 Real-time Quote.-0.59%
SUMITOMO REALTY & DEVELOPMENT CO., LTD. -1.31% 3552 End-of-day quote.11.66%
TOKYO TATEMONO CO., LTD. -2.55% 1640 End-of-day quote.15.90%
Latest news "Economy & Forex"
04:58pU.S. CDC Reports Total Deaths Of 610,873 Due To Coronavirus As Of July 31
RE
04:58pU.s. cdc reports total novel coronavirus cases of 34,926,462 as of july 31 vs 34,818,278 in previous report on july 30
RE
04:57pU.s. cdc reports total deaths of 610,873 due to coronavirus as of july 31 vs 609,853 in previous report on july 30
RE
04:55pU.s. cdc says 164,446,964 individuals have been fully vaccinated against covid-19 as of july 31 vs 164,184,080 individuals as of july 30
RE
04:54pPrivate equity firm CD&R readies Morrisons counter-bid - report
RE
04:54pU.s. cdc says 190,982,149 individuals have received at least one dose of covid-19 vaccine as of july 31 vs 190,509,183 individuals as of july 30
RE
04:53pU.s. cdc says administered 345,640,466 doses of covid-19 vaccine as of july 31 vs 344,071,595 doses administered as of july 30
RE
04:52pU.s. cdc says delivered 400,675,525 doses of covid-19 vaccine as of july 31 vs 399,090,105 doses delivered as of july 30
RE
04:42pBSTDB BLACK SEA TRADE AND DEVELOPMENT BANK : Invests EUR 35 million in Upgrading of Bulgarian Energy Holding
PU
04:29pU.S. COVID-19 residential eviction ban set to expire at midnight
RE
Latest news "Economy & Forex"