RTTNews - Tokyo stocks are expected to open lower on Thursday, following a weak lead from Wall Street triggered by discouraging economic data.
Japan's market moved broadly lower on Wednesday, with the Topix index posting its first decline after 13 straight gains.
Exporters weighed on the market as the yen gained strength against the faltering U.S. dollar.
The benchmark Nikkei 225 Average was down 122.48 points or 1.18 percent at 10,252.53.
Among the Nikkei component stocks, there were 62 closing higher, 151 were lower and 12 finished unchanged.
The broader Topix Index was down 9.44 points or 1.0 percent to close at 949.58.
Among the stocks and sectors of interest, auto and light truck maker Isuzu Motors declined 8 yen or 4.68 percent after reporting that first quarter revenue declined by more than half. For others in the sector, Honda was down 40 yen or 1.32 percent, Subaru maker Fuji Heavy was down 12 yen or 2.91 percent, Mazda Motor was down 4 yen or 1.58 percent, Mitsubishi Motors was down 4 yen or 2.33 percent , Nissan Motor was down 13 yen or 1.87 percent and Toyota was down 50 yen or 1.24 percent.
The big banks were also lower, with Sumitomo Mitsui down 80 yen or 1.93 percent, Mitsubishi UFJ was down 5 yen or 0.83 percent, Mizuho Financial was down 3 yen or 1.30 percent and Resona Holdings was down 39 yen or 2.80 percent.
In the pharmaceutical sector, Astellas Pharma was up 30 yen or 0.81 percent, Daiichi Sankyo was up 10 yen or 0.57 percent and Takeda Pharmaceuticals was up 20 yen or 0.53 percent.
Among the electronics producers, Sony was up 5 yen or 0.19 percent, Canon declined 50 yen or 1.45 percent, Panasonic Corp was down 39 yen or 2.59 percent, Sharp Corp was up 2 yen or 0.51 percent and Pioneer Corp was down 11 yen or 3.89 percent.
Overseas, Wall Street spent much of Wednesday's session in the red, and appeared headed toward a modestly lower close.
About 40 minutes before the closing bell, the Dow Jones Industrial Average was down 25.39 points or 0.27 percent at 9.294.80, the Nasdaq Composite Index was down 16.32 points or 0.81 percent at 1,994.99 and the Standard & Poor's 500 index was lower by 1.52 points or 0.15 percent at 1,004.13.
All of the major Asia/Pacific markets except India's closed lower on Wednesday.
The Hang Seng index in Hong Kong was down 301.66 points or 1.45 percent at 20.494.77.
In China, the Shanghai Composite index was down 42.94 points or 1.24 percent at 3,428.50.
India's BSE 30 index was up 72.85 points or 0.46 percent at 15,903.83.
The Jakarta Composite index in Indonesia was down 43.03 points or 1.82 percent at 2.317.06.
The KOSPI/Seoul Composite index in South Korea fell 6.90 points or 0.44 percent at 1,559.47.
The Taiwan Weighted Index was down 107.63 points or 1.55 percent at 6,848.24.
On Thursday's economic data docket, Japan is scheduled to release preliminary June figures for its leading and coincident indexes on Thursday.
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