RTTNews - A weak open is expected Wednesday for the Japan stock market, following Wall Street's mixed performance overnight. Most U.S. stocks declined, following economic data that renewed concerns about an economic recovery.
Japan's Market finished mixed on Tuesday.
The Nikkei 225 Average closed with a loss of 1.40 points or 0.01 percent at 10,087.26, breaking a nine-day winning streak.
Among the Nikkei components, there were 110 closing higher, 99 were lower and 16 were unchanged.
The broader Topix index was up 1.87 points or 0.2 percent at 930.13.
The financial sector was heavily traded but results were mixed. Sumitomo Mitsui was up 150 yen or 3.91 percent. Mizuho Financial was unchanged,, Mitsubishi UFJ was up 2 yen or 0.36 percent and Resona Holdings declined 11 yen or 0.78 percent.
In the auto sector, Honda was down 5 yen or 0.18 percent, Toyota was up 20 yen or 0.53 percent, Mazda advanced 2 yen or 0.80 percent and Mitsubishi Motors was also up 2 yen or 0.17 percent.
The steel makers were also stronger, with JFE Holdings up 240 yen or 7.25 percent, Nippon Steel was up 8 yen or 2.17 percent, Sumitomo Metals was up 6 yen or 2.40 percent and Kobe Steel added 4 yen or 2.25 percent.
Overseas, U.S. stocks spent the day in the red, although the tech-heavy Nasdaq index ended with a gain. At the closing bell on Wall Street, the Dow Jones Industrial Average was down 11.79 points or 0.13 percent at 9.096.72, the Nasdaq Composite index was up by 7.62 points or 0.39 percent at 1,975.51 and the Standard & Poor's 500 Index was down 2.56 points or 0.26 percent at 979.62.
Markets in the Asia/Pacific region finished mixed on Tuesday.
The Hang Seng index in Hong Kong was up 372.92 points or 1.84 percent at 20,624.54.
China's Shanghai Composite index was up 3.16 points or 0.09 percent at 3,438.37.
In India, the BSE 30 index declined 43.10 points or 0.28 percent to 15,331.94.
Indonesia's Jakarta Composite index rose 28.00 points or 1.27 percent to 2,237.10.
The KOSPI/Seoul Composite index in South Korea was up 1.98 points or 0.13 percent to 1,526.03.
The Taiwan Weighted Index advanced 114.20 points or 1.62 percent to 7,142.63.
On Wednesday's economic calendar, Japan is scheduled to release June numbers for retail sales on Wednesday morning. Retail sales are expected to fall 2.5 percent on year after the revised 2.7 percent annual contraction in May.
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