TOKYO, Aug 31 (Reuters) - Japanese shares fell on Wednesday,
after Wall Street declined for a third straight session
overnight, with heavyweight technology and energy firms leading
The Nikkei share average was down 0.55% at 28,039.91
by the midday break, while the broader Topix lost 0.51%
U.S. stocks extended losses for a third straight day, as a
rise in job openings fuelled fears that the Federal Reserve has
another reason to maintain its aggressive interest rate hike
path to combat inflation.
"Japanese equities tracked Wall Street's third-straight
losing session, but gains in U.S. futures limited the decline,"
said Maki Sawada, a strategist at Nomura Securities.
"The impact of a better-than-expected factory output data
Data showed Japan's factories extended expansion in output
to a second month in July, as motor vehicle production improved,
marking a positive start to the third quarter for manufacturers
and broader economic activity.
Chip-making equipment maker Tokyo Electron lost
0.41% and silicon wafer maker Shin-Etsu Chemical
slipped 1.33% and a robot maker Fanuc lost 0.62%.
Energy-related shares traded lower after oil prices dropped
5% on Tuesday, before recouping some losses in Asian trading
hours on Wednesday.
Oil explorers were the top losers among Tokyo
Stock Exchange's 33 industry sub-indexes, with a 3.43% drop,
followed refiners, which lost 2.85%.
Explorer Inpex fell 3.73% and was the top loser on
the Nikkei, followed by refiner Idemitsu Kosan which
Transport shares led gains among the industry groups, with
airlines rising 3.14% and railways gaining
ANA Holdings jumped 2.94%.
There were 67 advancers on the Nikkei index, against 155
(Reporting by Junko Fujita; Editing by Rashmi Aich)