Nikkei ends flat; startup Mercari jumps on first annual profit outlook

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gmong
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ลงทะเบียนเมื่อ: 23 มิ.ย. 2021, 09:50

Nikkei ends flat; startup Mercari jumps on first annual profit outlook

โพสต์ โดย gmong » 24 มิ.ย. 2021, 16:41

Nikkei ends flat; startup Mercari jumps on first annual profit outlook

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Japanese shares were flat on สล็อตตาละบาท as uncertainty over domestic corporate earnings kept investors on
the sidelines, while Mercari jumped after the technology startup forecast its first annual net profit.

Nikkei share average was flat at 28,875.23, while the broader Topix slipped 0.10per cent to 1,947.10.

"U.S. inflation could stay at high levels, so we will need more data on inflation, wages and employment. And,
quarterly earnings will be a few weeks away, the market is running out of trading factors," Nobuhiko Kuramochi,
senior strategist at Mizuho Securities, said.

Two Fed officials said a period of high inflation in the United States could last longer than anticipated, a day after
Fed Chair Jerome Powell played down rising price pressures.

Many hospitality-related shares, which led index's gains before the Fed meeting outcome, have now succumbed
to profit-taking, weighed also by concerns about a spike in COVID-19 cases after the government eased social
restrictions last week.

West Japan Railway fell 2.7per cent while department store operators Isetan Mitsukoshi and Takashimaya lost 3.2
per cent and 2.1per cent, respectively.

Sumitomo Forestry shed 0.8per cent after the company announced a plan to sell new 16 million shares,
which amount to 8.7per cent of its existing shares to raise up to 37.1 billion yen (US$334.32 million).

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