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Tokyo stocks open lower with eyes on earnings reports | Malay Mail

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TOKYO, May 13 ― Tokyo stocks opened lower today, tracking falls on Wall Street as investors focused on corporate earnings that have been decimated by the coronavirus pandemic. The benchmark Nikkei 225 index was down 1.11 per cent or 226.92 points at 20,139.56 in early trade, while the broader...

The benchmark Nikkei 225 index was down 1.11 per cent or 226.92 points at 20,139.56 in early trade, while the broader Topix index slipped 0.89 per cent or 13.21 points to 1,463.51. — AFP pic

The benchmark Nikkei 225 index was down 1.11 per cent or 226.92 points at 20,139.56 in early trade, while the broader Topix index slipped 0.89 per cent or 13.21 points to 1,463.51. Traders are watching Japanese earnings reports with “uncertainty about the prospects of corporate performances likely to cap the upside” for share prices, the analysts said.In Tokyo, major shares were lower, with Uniqlo casual wear operator Fast Retailing trading down 2.18 per cent at ¥52,090, and Telecom and investment giant SoftBank Group down 1.89 per cent at ¥4,615.

 

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