The Nikkei Stock Average was down ¥694 as of 2:50 p.m. The largest negative contributors were Tokyo Electron, Advantest and SoftBank Group, while Fast Retailing, Bandai Namco Holdings and OMRON were the largest positive contributors. U.S. economic data are also due tonight, and many companies are scheduled to announce their earnings.
The Nikkei Stock Average was down ¥694 as of 2:50 p.m., with Tokyo Electron, Advantest and SoftBank Group among the largest negative contributors. Fast Retailing, Bandai Namco Holdings and OMRON were the largest positive contributors. By sector, declines were particularly pronounced in nonferrous metals, electrical equipment, glass and ceramics products, metal products and precision instruments, while textiles and apparel, pharmaceuticals, fishery, agriculture and forestry, foods and other products rose.
Companies scheduled to announce their earnings in the coming days include Daiwa House Industry, M3, Ajinomoto, FUJIFILM, TOWA, Daifuku, Nintendo, ORIX, Monex Group, Sumitomo Real Estate Development, SoftBank Group, JX Advanced Metals, Namura Shipbuilding and Lasertec. In the United States, weekly initial jobless claims, the second-quarter U.S. labor productivity index, and June wholesale inventories and sales are expected to be released tonight.