Tuesday, 9 April 2019 10:25 WIB |
MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix
Japan™s Nikkei edged lower on Tuesday morning as investors awaited full-year earnings reports, while Sony jumped after Reuters reported that U.S. hedge fund Third Point was again building a stake in the company to push for changes.
The Nikkei share average was down 0.2 percent to 21,722.19 at the midday break. The broader Topix shed 0.6 percent to 1,611.23, with all but six subsectors in negative territory. Defensive sectors such as utilities, real estate and construction underperformed.
The Nikkei hit a four-month high on Monday but the market has stalled as investors wanted more clarity on the state of U.S.-China trade talks and remained cautious ahead a flood of corporate earnings. œThe Nikkei has risen to a level where it needs more positive catalysts from companies™ earnings, said Shogo Maekawa, global market strategist at JPMorgan Asset Management. œCompanies need to show growth stories to convince investors that the Japanese market deserves further gains,
Source : Reuters