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Stock impact report

Nikkei edges lower in choppy trade; financials weak [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Nikkei edges lower in choppy trade; financials weak - Reuters 3 Min Read * Short-term investors seen trading on futures - analysts * Yaskawa’s earnings focused By Ayai Tomisawa TOKYO, April 11 (Reuters) - Japan’s Nikkei edged lower in choppy trade on Thursday, led by financial stocks as the U.S. Federal Reserve’s minutes reinforced its dovish policy stance and investors awaited industrial equipment maker Yaskawa Electric’s earnings. Yaskawa Electric, a manufacturer with large exposure to China, usually kicks off Japanese earnings season and is scheduled to report its annual results later in the day. Yaskawa’s result is used as a lead indicator of Chinese demand and investors are monitoring whether the result will bode well for other Japanese manufactures, traders said. The Nikkei share average dropped 0.3 percent to 21,627.8 at the midday break, after briefly moving into positive territory as short-term investors were seen buying futures when the dollar edged up to trade above 111 yen Show less Read more
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