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Nikkei flat; Yaskawa's weak earnings drag on machinery stocks


Friday, 12 July 2019 10:14 WIB

Saham JepangIndeksTopixIndeks Nikkei


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Japan's Nikkei was flat on Friday morning with investors shifting their focus to corporate earning as weak profits from some firms such as Yaskawa Electric dragged on machinery stocks.

The Nikkei share average was flat at 21,643.07 in choppy trade at midday. For the week, it has fallen 0.5% and is poised to post the first weekly drop in six weeks.

As Japanese markets will be closed for a holiday on Monday, investors are refraining from taking large positions, analysts said.

The broader Topix shed 0.2% to 1,576.23. Declining issues outnumbered advancing ones 1,163 to 876.

Source : Reuters


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