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Tech stocks pull Nikkei lower; investors cautious before Fed, earnings

The Nikkei dropped 0.55% to 27,371.11 as of the midday break, with startup investor SoftBank Group being the biggest drag on the index, slipping 3.13%

Tech stocks pull Nikkei lower; investors cautious before Fed, earnings
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Reuters
Japan's Nikkei share average fell on Monday, with tech shares tracking a plunge in their Wall Street peers, while investors were also cautious ahead of a U.S. Federal Reserve policy meeting and Japanese earnings season getting into full swing.

The Nikkei dropped 0.55% to 27,371.11 as of the midday break, with startup investor SoftBank Group being the biggest drag on the index, slipping 3.13%.

Online game company Nexon dropped 3.62%, while Sony Group retreated 2.35% and Nintendo lost 2.21%.
 
The broader Topix fell 0.54% to 1,916.76, with the growth share index tumbling 0.96%, compared with a 0.14% loss for the

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 24 2022 | 10:16 AM IST

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