Japanese equities lose ground due to weak earnings and technology sector is down

TOKYO (Reuters) – Japan's Nikkei lost momentum on Friday against negative profits from Japanese companies and other Wall Street companies, wiping out gains from the previous session that pushed the index to a record two-year high. month and a half.

The Nikkei benchmark <.N225> was down 0.45% to 21,658.15. The benchmark climbed to 21,823.07 points on Thursday, its highest level since May 7.

Technology companies, which boosted the market in general last week, dropped their US counterparts on Thursday after a strong recovery.

Fanok Corp lost 1.6% and Tokyo Electron lost 1.4%.

Emron lost 7.5% after the digital medical equipment manufacturer announced that its consolidated operating profit for the quarter ended June had dropped 41.2% to 10 billion yen ($ 92 million) ), his business having been affected by the trade dispute between China and China.

Nissan dropped 3.2% after the automaker unveiled its largest restructuring plan in the last 10 years, following a quarterly contraction in earnings.

The broad Topix index was 0.4% lower at 1,571.52 points.

Among the 33 sub-indices of the Tokyo Stock Exchange, 23 indicators closed down, mainly in the non-ferrous metals sector.

(Reuters)