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Japan Nikkei falls on profit booking

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Headline indices of the share market closed marginally lower after wiping out early gains on Thursday, 14 March 2019, as investors elected to book profit after reported a mixed bag of data that renewed concerns about the global economy. Total 22 subsectors of the 33 subsectors of the declined, with shares in Chemicals, Textiles & Apparels, Marine Transportation, Glass & Ceramics Products, Air Transportation, and Electric Appliances issues being notable losers, whereas shares in Oil & Coal Products, Pulp & Paper, Fishery, Agriculture & Forestry, Securities & Commodities Futures issues were notable losers.

At closing bell, the 225-issue Nikkei Stock Average declined 3.32 points, or 0.02%, at 21,287.02. The broader index of all First Section issues on the dropped 3.78 points, or 0.24%, at 1,588.29.

Shares of cyclical were lower, with Corp tumbling 2.9%, Corp and Corp both sliding 1.5%.

Shares of shipping firms also fell, with down 3.1% and off 0.6%.

Corp jumped 1.3% on reports that the company and are in talks to invest $1 billion or more in the self-driving vehicle unit of Uber Technologies Inc's.

Semiconductor Inc tumbled 11% after the company cut its net profit forecast to 350 million yen from 640 million yen due to weak orders for

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 14:20 IST