Japan's Nikkei edges higher in choppy trade
By Brigid Riley
TOKYO, Aug 15 (Reuters) -Japan's Nikkei share average recouped early losses to trade marginally higher on Thursday as investors waited for more economic data from the United States to gauge the health of the world's largest economy.
The Nikkei .N225 had risen 0.2% to 36,526.24 by 0022 GMT after starting in negative territory on some profit-taking, while the broader Topix .TOPX was up 0.6%.
Wall Street's three main stock indexes ended higher on Wednesday after fresh inflation data reassured investors that the U.S Federal Reserve would start cutting interest rates next month. .N
But Japanese technology shares got little support after megacap tech stocks dragged the Philadelphia SE Semiconductor Index .SOX down 0.2% overnight.
Investors are now awaiting U.S. retail sales and weekly unemployment data due later in the day amid recession worries.
Meanwhile, the Japanese stock market showed little reaction to data showing the economy expanded by a faster-than-expected annualised 3.1% in April-June.
Reporting by Brigid Riley; Editing by Subhranshu Sahu
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