TOKYO, Dec 27 (Reuters) - Japanese shares fell on Monday,
with SoftBank Group leading declines, as concerns over
the Omicron COVID-19 variant's impact offset gains in
heavyweight technology stocks.
The Nikkei share average lost 0.2% to 28,721.58 by
0215 GMT, while the broader Topix slipped 0.30%
1,980.71.
Global technology investor SoftBank Group fell
1.99% on news that Credit Suisse is seeking information through
U.S. courts, which could lead to it taking legal action in
Britain against the Japanese company to recover certain funds.
"We do not have market moving events at home or abroad, and
many people are still away from the markets, it is hard to make
active bets," said Shigetoshi Kamada, general manager at the
research department at Tachibana Securities.
The volume of shares traded on the Tokyo Stock Exchange's
main board was 0.35 billion, compared with the average of 1.19
billion in the past 30 days.
"Under this environment investors chose to bet on a
particular group of stocks, which were heavyweight chip-related,
and any other shares were sold for an excuse of fears for the
Omicron," Kamada added.
Technology shares advanced, with chip-related Tokyo Electron
and Advantest rising 1.67% and 0.37%,
respectively. Game maker Sony Group gained 0.81% and
medical equipment maker Terumo climbed 0.78%.
Retailers, meanwhile, took a hit as more cases of the
highly transmissible variant were found in Japan, raising
concerns of tighter curbs slowing the economic recovery from the
pandemic.
Uniqlo clothing shop operator Fast Retailing was
the biggest drag on the Nikkei, falling 1.75%.
Home interior goods retailer Nitori Holdings
tumbled 7.38% and Muji-brand retail stores Ryohin Keikaku
lost 1.65%.
There were 64 advancers on the Nikkei index against 152
decliners.
(Reporting by Junko Fujita; Editing by Devika Syamnath)