TOKYO, Aug 10 (Reuters) - Japan's Nikkei fell on Wednesday,
dragged down by chip-related shares after Micron Technology led
U.S. tech heavyweights lower overnight, while investors awaited
U.S. inflation data that could influence the Federal Reserve's
The Nikkei share average closed 0.65% lower at
27,819.33, while the broader Topix edged 0.17% lower to
The Nasdaq closed lower on Tuesday after a dismal forecast
from Micron Technology pulled down chip makers and tech
Chip-making equipment maker Tokyo Electron fell
2.75% and chip-testing equipment maker Advantest lost
Other heavyweights also lost ground, with Uniqlo clothing
shop owner Fast Retailing shedding 2.75% and medical
services platform M3 sliding 3.5%.
Companies that reported robust earnings gained. Sumitomo
Forestry jumped 8.34% after the home builder forecast a
full-year profit compared to its earlier estimate of a loss.
Rohto Pharmaceutical surged 14.1% after the drug
maker raised its annual profit forecast.
"The market responded to stocks with positive earnings,"
said Maki Sawada, a strategist at Nomura Securities.
But investors were cautious ahead of a local holiday on
Thursday and as they awaited U.S. inflation data that could
guide the Federal Reserve's rate-hike pace, she said.
There were 139 advancers on the Nikkei index against 84
The volume of shares traded on the Tokyo Stock Exchange's
main board was 1.11 billion, compared with the average of 1.19
billion in the past 30 days.
(Reporting by Junko Fujita; editing by Uttaresh.V and