Japan’s stocks lost momentum on Friday on downbeat earnings both at home and on Wall Street, erasing some of the previous day’s rally, which took the benchmark to a 2-1/2-month high.
The Nikkei share average fell 0.51% to 21,645.42 at 0156 GMT. The index had risen to 21,823.07 the previous day, its highest since May 7. The broader Topix shed 0.55% to 1,569.25.
Omron Corp was down 6.2% after the maker of digital medical equipment reported that its June quarter consolidated operating profit declined 41.2% to 10 billion yen ($92 million), with business hit by the U.S.-China trade conflict.
Nissan Motor Co shed 2.5% after the automaker unveiled its biggest restructuring plan in a decade in the wake of a collapse in its quarterly profit.
Source : Reuters