AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

TOKYO: Japan’s Nikkei share average fell for a sixth straight session on Tuesday as investors exercised caution ahead of the U.S. inflation report and the Federal Reserve’s policy decision.

The Nikkei ended 0.16% lower at 36,159.16. The index rose as much as 0.9% earlier in the session as investors scooped up cheaper stocks after recent sell-offs.

“The market was cautious ahead of the outcome of the Fed’s policy decision, while we have the Bank of Japan’s policy meeting this month,” said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory.

The market is now awaiting the U.S. consumer price index (CPI) report, due on Wednesday. The Fed’s policy decision is expected next week.

“Investors sold domestic stocks as they braced for Wall Street’s decline later in the day as U.S. stock futures were falling during Asia trade,” Suzuki said.

The broader Topix also gave up early gains to end 0.35% lower at 2,576.54, its fifth straight session losses.

Tech leads Japan’s Nikkei lower

Drug maker Daiichi Sankyo tanked 8.64 % to become the top drag on the Nikkei after trials showed an experimental drug, which the firm has jointly developed with UK-based AstraZeneca, did not significantly improve overall survival in lung cancer patients in a late-stage trial.

Uniqlo-brand owner Fast Retailing slipped 0.59% and medical equipment maker Terumo lost 3.19%.

Technology stocks rose, with chip-making equipment maker Tokyo Electron rising 3.53% to become the biggest support for the Nikkei.

Technology investor SoftBank Group rose 1.96%.

Joban Kosan surged 8.83% after the operator of the Hawaiian-themed resort complex in Fukushima said Fortress Investment Group would buy the firm for about 14 billion yen ($98 million) in a public tender offer.

Of the 225 Nikkei components, 86 stocks rose and 138 fell, with one ending flat.

Comments

200 characters