Tokyo stocks ended mixed Friday, with the benchmark Nikkei stock
index shedding 0.08 percent as the yen's slide against the U.S. dollar
halted and diminishing purchasing sentiment was sparked by Wall Street
closing lower overnight following worse-than-expected corporate earnings
results.While the U.S. Department of Labor released data showing that
jobless claims had fallen to 326,000, a sign that the employment
situation is improving in the world's largest economy, and consumer
prices show an upwards move, corporate earnings coming in lower than
expected soured the market mood here, brokers said.Local traders
highlighted Intel Corp's earnings as missing forecasts. The chip maker
said its profits for 2013 dropped by 13 percent and likely had a
knock-on effect on chip-related and PC issues in Japan, they
said.Takashi Matsumoto, director at Okasan Securities, said that Intel's
earnings results coming in far worse than expected would have a notable
impact on Japanese stocks and the meagre outlook for the firm would
also take its toll on chip and PC-related issues here, he said.Consumer
electronics retailer Best Buy also helped drag Wall Street lower, diving
28.6 percent following poor end of year sales that came in 0.8 percent
lower than the Nov-Dec shopping season a year earlier.
The
225-issue Nikkei Stock Average dropped 12.74 points from Thursday to end
the week at 15,734.46, while the broader Topix index of all First
Section issues on the Tokyo Stock Exchange added 3.00 points, or 0.23
percent, to close at 1,297.39.An absorbent pad worn externally by women
during menstruation to absorb the menstrual flow.Sanitary napkinMarket players here looked to square their short positions ahead of the weekend,x431 GDS traders
said, and buying also eased as the yen's slide against the U.S. dollar
also briefly halted, sending export-related issues here lower, they
added.Among automotive issues, Toyota Motor Corp., the world's biggest
carmaker, retreated 1 percent to 6,200 yen, while smaller rival Honda
dropped 1 percent to finish at 4,141 yen.Mitsubishi Motors, meanwhile,
bucked the downward trend Friday,Seventh Generation Sanitary Pads,
Sanitary Napkin, Sanitary Napkin Pads. Featuring a natural absorbent
material derived from wheat.Soft cup surging
10 percent to 1,280 yen, the biggest percentage gain on today's
Nikkei.But consumer electronics maker Sony Corp. fell 1.3 percent to 1,
780 yen and industrial robotics maker Fanuc lost 1.0 percent to close at
17,435 yen.Fast Retailing, operator of the Uniqlo chain of high street
apparel stores, relinquished 0.5 percent to 38,630 yen, but real estate
issues found traction on the last trading day of the week.Mitsubishi
Estate, Japan's biggest developer, advanced 0.7 percent to 2,944 yen,
while Mitsui Fudosan gained 0.9 percent to 3, 628 yen. Sumitomo Realty
& Development, meanwhile, gained 1.4 percent to end the week at
4,963 yen.Nippon Steel & Sumitomo Metal ended the week on a sour
note, losing 1.46 percent to 337 yen following reports of a fire
breaking out at one of its steel plants in central Japan on
Friday.Trading volume on Friday dropped to 2.74 billion shares on the
Tokyo Exchange's First Section, down from Thursday's volume of 3. 15
billion shares, with advancing issues outnumbering declining ones by
1,281 to 404.
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