Japan stocks are expected to open lower on Wednesday, following a downbeat session on Wall Street overnight. U.S. stocks moved broadly lower as concerns mounted over upcoming corporate earnings reports.
Japan stocks were mixed on Tuesday, with traders looking to the government to announce further economic stimulus spending.
Lower commodities prices put a crimp on gains.
The Nikkei 225 Average closed down 25.08 points or 0.28 percent to 8.832.85, its first lower close after four straight higher finishes.
Of the Nikkei component stocks, there were 102 finishing higher, 111 lower and 12 closed unchanged.
The broader Topix index managed a gain of 1.63 points or 0.2 percent to close at 832.60.
The big banks posted marginal losses. Mitsubishi UFJ was down 6 yen or 1.17 percent, Mizuho Financial was down 5 yen or 2.45 percent and Sumitomo Mitsui fell 40 yen or 1.11 percent. Resona Holdings gained 6 yen or 0.45 percent.
Electronics maker Pioneer Corp jumped 24 yen or 13.19 percent, Sony closed unchanged and Canon declined 20 yen or 0.64 percent.
The telecom sector was stronger, with Nippon Telegraph & Telephone up 90 yen or 2.41 percent, NTT DoCoMo up 4,400 yen or 3.27 percent, KDDI rose 13,000 yen or 2.71 percent and Softbank advanced 22 yen or 1.49 percent.
Overseas, concerns about upcoming corporate earnings reports sent stocks on Wall Street lower on Tuesday. At the market close, the Dow Jones Industrial Average was down 186.29 points or 2.34 percent at 7,789.56, the Nasdaq Composite index was lower by 45.10 points or 2.81 percent at 1,561.61 and the Standard & Poor's 500 index was down 19.93 points or 2.39 percent at 815.55.
Markets were mixed across the Asia/pacific region on Tuesday.
In China, the Shanghai Composite index was up 19.4 points or 0.80 percent to close at 2,439.18.
Hong Kong's Hang Seng index declined 69.07 points or 0.46 percent to 14,928.97.
The BSE 30 index in India was up 186.05 points or 1.80 percent at 10.534.87.
Indonesia's Jakarta Composite index fell 25.78 points or 1.70 percent to 1,490.85.
In South Korea, the KOSPI/Seoul Composite index was up 2.25 points or 0.17 percent at 1,300.10.
The Taiwan Weighted Index rose 20.63 points or 0.37 percent to 5,576.85.
On Wednesday's economic news calendar, Japan is scheduled to announce February numbers for its current account total.
The current account is expected to show a surplus of 1.071 trillion yen following the 172.8 billion yen deficit in January. Japan also will release the results of its economy watchers survey for February, with analysts expecting a score of 20.9 after the 19.4 reading in January. Finally, the Bank of Japan will release its monthly report.
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