TOKYO, Dec 22 (Reuters) - Japanese shares struggled for
direction on Wednesday, as a rally in chip and other
tech-related stocks following a strong Wall Street session
overnight offset weakness in Toyota and its group companies, and
retailers including Uniqlo-owner Fast Retailing.
The Nikkei share average ended the morning session
up 0.11%, while the broader Topix was unchanged.
"With few drivers to trade off, there's no real sense of
direction to the market," said a market participant at a
domestic securities firm.
Sharp and Sony were among the Nikkei's top
percentage gainers, climbing 3.59% and 2.55% respectively.
Tokyo Electron was the biggest mover by index
points, adding 0.69%, while fellow chipmaker Advantest
advanced 1.12%. Startup investor SoftBank Group rose
Overnight, the U.S. Nasdaq 100 rallied 2.29%, and the
Philadelphia SE Semiconductor index jumped 3.35%.
The Nikkei's biggest mover was Shinsei Bank with a
7.17% gain after SBI Holdings, which recently completed a tender
offer for Shinsei, said it's worth pursuing the option of taking
At the other end, Toyota Motor was among the
biggest decliners with a 1.62% drop as it fell further after
last week's strong gains on beefed-up electric vehicle plans.
Group supplier Denso slipped 1.70%.
Fast Retailing lost 0.47% and was the biggest drag
on the Nikkei by index points.
Pharmacies led the drop among other retailers, with Tsuruha
Holdings off 4.58% and Kusuri no Aoki down
(Reporting by Tokyo markets team; Editing by Subhranshu Sahu)