Home ›› 02 Apr 2022 ›› Stock
Tokyo shares closed lower on Friday, tracking falls on Wall Street as worries mounted over Ukraine, while the latest business confidence data also weighed on sentiment.
The benchmark Nikkei 225 index fell 0.56 per cent, or 155.45 points, to 27,665.98, while the broader Topix index lost 0.11 per cent, or 2.13 points, to end at 1,944.27.
"The Nikkei started with losses after falls in the three main US indices, while the Bank of Japan's Tankan survey... also discouraged investors," although some began bargain-hunting later in the session, Okasan Online Securities said.
The Tankan survey, a quarterly poll of about 10,000 companies released before the opening bell, showed business confidence weakened among Japan's major manufacturers for the first time in nearly two years.
On Wall Street, the Dow Jones Industrial Average shed 1.6 per cent, the broad-based S&P 500 finished down 1.6 per cent and the tech-rich Nasdaq dropped 1.5 per cent.
The dollar fetched 122.53 yen in Asian trade, against 121.69 yen in New York.
Sony Group dropped 1.57 per cent to 12,530 yen, Uniqlo operator Fast Retailing fell 1.14 per cent to 62,270 yen and investment giant SoftBank Group recovered early losses to end up 0.34 per cent at 5,578 yen.
Toshiba jumped 6.45 per cent to 4,950 yen after local media reported that US equity firm Bain Capital is preparing a buyout offer for the Japanese conglomerate. Toshiba, however, said in a statement that it was not involved in discussions on a buyout.
Shipping firms were among losers, with Nippon Yusen diving 6.88 per cent to 10,020 yen and Mitsui O.S.K. Lines down 4.97 per cent at 3,250 yen.
