FX.co ★ Japan Stock Market Review

Nikkei closed down 0.8% at 10,497.36 in light volume due to profit-taking after Monday’s gains. Also, stronger yen hurt tech and auto exporters. Investors preferred to sit on the fence ahead Aug 30 elections and take the funds out of the market today as U.S. stock market closed with mixed results. In addition, they are concerned about how far they have gone and whether the global economy and better-than-expected corporate earnings will last. The lack of domestic data will turn the attention to U.S. data later this week.
Among most actives were TDK that slid 1.26% at Y5,480, Honda that was down 1.8% at Y2,995, Inpex - down 1.31% at Y748.000, Tokyo Electron down 2.28% at Y5,140, Olympus down 2.19% at Y2,670.

Best regards,

Analyst: Vladimir Donin