Japan's Nikkei flat as Kyocera down, Fed cut eyed
Japan's Nikkei average was almost flat on Wednesday as investors punished companies with disappointing earnings results such as Kyocera Corp amid cautious trade ahead of an expected second U.S.
By Agencies |
TOKYO: Japan's Nikkei average was almost flat on Wednesday as investors punished companies with disappointing earnings results such as Kyocera Corp amid cautious trade ahead of an expected second U.S.
Federal Reserve interest rate cut in about a week. But shares of shippers powered up after Nippon Yusen KK, Japan's biggest shipper, reported nearly doubled fiscal nine-month earnings and raised its full-year forecast, citing a surge in bulk carrier freight.
The benchmark Nikkei average ended the morning session up 0.1 percent or 15.71 points at 13,494.57 after rising 3 percent on Tuesday. The broader TOPIX index added 0.6 percent or 7.85 points to 1,336.58.
Federal Reserve interest rate cut in about a week. But shares of shippers powered up after Nippon Yusen KK, Japan's biggest shipper, reported nearly doubled fiscal nine-month earnings and raised its full-year forecast, citing a surge in bulk carrier freight.
The benchmark Nikkei average ended the morning session up 0.1 percent or 15.71 points at 13,494.57 after rising 3 percent on Tuesday. The broader TOPIX index added 0.6 percent or 7.85 points to 1,336.58.
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