Tuesday, 1 May 2018 09:29 WIB |
MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix
Japanese stocks were choppy in holiday-thinned trade on Tuesday, while Sony tumbled after the company issued a profit warning.
The Nikkei was flat at 22,472.80 in midmorning trade, after moving into and out of the black earlier. The broader Topix dropped 0.3 percent to 1,772.10.
Japan has kicked off Golden Week holidays which tends to subdue trading activity. Markets were closed on Monday, and will be closed on Thursday and Friday for national holidays.
Sony Corp tumbled 6 percent after the company forecast operating profit of 670 billion yen ($6.13 billion) for the year through March.. The stock loss accounted for a sizable 12 points in the Nikkei index.
On the other hand, Hitachi Ltd jumped 5 percent after the company forecast a record-high operating profit for this fiscal year, up 4.9 percent on the year to 750 billion yen.
Source : Reuters