Cursor cut off japanese nikkei, Today, Thursday, a series of gains continued for four consecutive sessions, and shipping companies led the decline, while investors around the world await US economic data that may affect the path of raising interest rates for the Federal Reserve.
The Nikkei index closed down 0.12% at 27,362.75, after rising 0.4% earlier in the session. The broader Topix index fell 0.12% to 1978.40.
“No major company announced its outlook in the previous session, so investors saw little clues today,” said Chihiro Ota, assistant general manager of investment research and investor services at SMBC Nikko Securities. The world will take any step before the main US economic indicators.”
The Standard & Poor’s 500 index closed lower on Wednesday after a disappointing series of corporate business results fueled concerns about the economic impact of the Federal Reserve’s (US central bank) monetary tightening.
Investors are now awaiting US Q4 GDP data due at 13:30 GMT, which may determine the direction of the Fed’s upcoming policy meeting.
In Japan, chip maker Tokyo Electron and Advantest fell 1.81% and 2.24%, respectively.
Shares of Daikin Industries for the manufacture of air-conditioners fell 1.83%, and shares of Sony Group for the manufacture of audio equipment fell 1.29%.
While the real estate sector rose 1.11%, recording the best performance among the 33 sub-indicators of the industry on the Tokyo Stock Exchange. However, shipping companies fell 2.82%, the worst performer.
