Japanese shares: Japanese shares fall as Yaskawa leads tech

Japanese shares: Japanese shares fall as Yaskawa leads tech sell-off after earnings view disappoints


Synopsis
Nikkei average fell 0.77 per cent to close at 29,538.73. It has been in a holding pattern after hitting a 30-and-a-half-year high in mid-February, with a break of either its March 18 high of 30,485 or March 24 low of 28,379, seen as needed for a new trend to emerge.
AP
The broader Topix ended 0.25 per cent lower at 1,954.59.
TOKYO: Japanese shares ended lower on Monday, dragged down by sharp losses in Yaskawa Electric after the industry bellwether's earnings outlook failed to meet the market's expectations, prompting a sell-off in other tech stocks.
Nikkei average fell 0.77 per cent to close at 29,538.73. It has been in a holding pattern after hitting a 30-and-a-half-year high in mid-February, with a break of either its March 18 high of 30,485 or March 24 low of 28,379, seen as needed for a new trend to emerge.

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