TOKYO, June 20 (Reuters) - Japanese shares fell on Monday,
with chip-related and energy stocks leading declines, while
investors struggled to find market moving cues due to a U.S.
By 0158 GMT, the Nikkei share average had fallen
1.4% to 25,606.65, snapping an early gain of as much as 0.7%.
The broader Topix was down 1.24% to 1,813.18.
"The indexes gained earlier in the session because investors
sought to buy cheap stocks but the trading activities shrank as
they struggled to find market moving cues," said Chihiro Ohta,
assistant general manager at the investment research and
investor services at SMBC Nikko Securities.
"The momentum didn't last long also due to U.S. market's
Oil explorers tanked 8.76% and led declines of
the Tokyo Stock Exchange's 33 industry sub-indexes, after oil
prices tumbled over the weekend.
Inpex lost 8.95%.
Technology and growth stocks dragged the market on concerns
about rising interest rates overseas, a strategist at a Japanese
Chip-making equipment maker Tokyo Electron fell
5.87% and dragged the Nikkei the most. Silicon wafer maker
Shin-Etsu Chemical slipped 4.82%.
Auto and part makers rose after the yen tumbled
against the dollar over the weekend.
Subaru rose 2.38% and was the top gainer on the
Nikkei. Toyota Motor and Honda Motor rose
0.92% and 0.67%, respectively.
Heavyweights SoftBank Group Corp rose 1.92 % and
Recruit Holdings gained 1.83%.
There were 32 advancers on the Nikkei index against 192
The volume of shares traded on the Tokyo Stock Exchange's
main board was 0.56 billion, compared to the average of 1.36
billion in the past 30 days.
(Reporting by Junko Fujita; Editing by Rashmi Aich)