Monday, 29 July 2019 11:09 WIB |
MARKET UPDATE |Nikkei 225Saham Jepang
Tokyo stocks fell on Monday as profit-taking gained strength, with caution building ahead of more earnings reports from Japan Inc and major central bank policy decisions this week.
Despite positive cues from Wall Street, Japan™s benchmark Nikkei share average dropped 0.6% to 21,538.20 points by the midday break, pulling further back from a 2-1/2-month high hit on Thursday.
On Friday, robust earnings from Alphabet Inc and Starbucks Corp pushed the S&P 500 and Nasdaq indexes to record highs, with support from data showing U.S. economic growth slowed less than expected in the second quarter.
Profit taking hit Japanese suppliers of electronic parts to China™s Huawei that had been bought late last week on a resumption of U.S.-China trade talks. Murata Manufacturing shed 2.7%, TDK Corp slipped 2.4% and Taiyo Yuden Co dipped 2.3%.