Tech shares lead Japan's Nikkei higher in choppy session
By Brigid Riley
TOKYO, Oct 21 (Reuters) -Japan's Nikkei share average rose in a choppy session on Monday, as gains in technology stocks lifted the benchmark index, while caution ahead of a domestic election and corporate earnings weighed on sentiment.
The Nikkei .N225 managed to turn around after starting in the red, rising 0.3% to 39,110.95 by the midday break, while the broader Topix .TOPX was up 0.04% at 2,689.99.
Domestic tech shares followed their U.S. peers higher after an earnings-driven jump in Netflix shares and broader gains across tech stocks on Friday. .N
The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, thanks to the tech bump.
Nikkei heavyweight chip-testing equipment maker Advantest 6857.T was up 2.2% to offer the biggest lift, followed by chip-making equipment giant Tokyo Electron 8035.T, adding 1.1%.
But the index struggled for momentum outside of tech shares, which analysts attributed to caution before more company earnings announcements later this week.
A general election will also be held in Japan on Oct. 27, where it remains to be seen whether the nation's ruling party, the Liberal Democratic Party (LDP), will succeed in winning the 233 seats needed to keep a lower-house majority by itself.
"It seems like investors are refraining from active trading in anticipation of these events", creating a heavy upward resistance, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
If the LDP fails to retain a majority in the upcoming election, that could "heighten uncertainty and potentially lead to increased volatility in the market", he added.
Among other major decliners, Uniqlo parent firm Fast Retailing 9983.T edged down 0.2%, along with telecoms company KDDI 9433.T slipping 0.8%, and pharmaceutical firm Daiichi Sankyo 4568.T losing 1.3%.
Of the Nikkei's 225 constituents, 104 advanced while 118 declined.
Reporting by Brigid Riley; Editing by Rashmi Aich
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
