(RTTNews) - A mixed to lower open is expected for Japan stocks on Wednesday, following Wall Street’s mixed session overnight

Japan’s markets re-open Wednesday following a holiday away.

When Tokyo stocks last traded on Monday, the market moved broadly lower, as a stronger yen weighed on exporters. The benchmark Nikkei 225 Average declined 231.79 points or 2.3 percent to close at 9,8025.

Among the Nikkei 225 component stocks, there were 22 closing higher, 199 were lower and 4 were unchanged.

The broader TOPIX index of all stocks listed on the Tokyo Stock Exchange First Section was down 14.13 points or 1.6 percent to close at 880.54.

Trading volume was just over 1.8 billion shares.

Among the major exporters, Canon shares fell 110 yen or 3.12 percent, Sony plunged 160 yen or 5.75 percent, Pioneer Corp was down 7 yen or 3.03 percent, Panasonic was down 30 yen or 2.32 percent and Honda was down 60 yen or 2.08 percent.

In the banking sector, Mitsubishi UFJ was down 6 yen or 1.21 percent, Mizuho Financial rose 1 yen or 0.55 percent, Sumitomo Mitsui was down 50 yen or 1.58 percent and Resona Holdings dropped 40 yen or 3.65 percent.

Japan’s biggest brokerage firm, Daiwa Securities, reported Q2 net income below analysts’ estimates. Daiwa shares fell 22 yen or 4.48 percent. Rival brokerage Nomura Holdings was down 14 yen or 2.14 percent.

Elsewhere, Sumitomo Electric dived 64 yen or 5.69 percent after swinging to a first-half net loss, with a 35 percent sales decline.

In overseas trading, U.S. markets were mixed. The Dow Jones Industrial Average was down 17.53 points or 0.18 percent at 9,771.91, the Nasdaq Composite index was up 8.12 points or 0.40 percent at 2,057.32 and the Standard & Poor’s 500 index was ahead by 2.53 points or 0.24 percent at 1,045.41.

In other Asia/Pacific region trading on Tuesday, the Hang Seng index in Hong Kong closed down 380.13 points or 1.76 percent at 21,240.06.

China’s Shanghai Composite index gained 37.58 points or 1.22 percent to finish at 3,114.23.

In India, the SENSEX/BSE 30 index was down 491.34 points or 3.09 percent at 15,404.94.

The Jakarta Composite index in Indonesia was down 37.54 points or 1.58 percent at 2,334.11.

In South Korea, the KOSPI/Seoul Composite index fell 9.17 points or 0.59 percent to 1,549.92.

The Taiwan Weighted Index was down 12.25 points or 0.17 percent at 7,332.93.

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Posted in Categories: Japan, Releases, Stocks, USA.

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