Tokyo stocks close lower with eyes on earnings

05/08/2020 11:34 AST

Tokyo stocks closed lower on Wednesday after two days of rallies, as investors sought to lock in profits while watching corporate earnings and key US data.

The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.

Analysts said that the market was dominated by sell orders but "the gap was narrowed thanks to gains by Hong Kong and Shanghai shares", Okasan Online Securities said in a commentary.

Investors are also keenly awaiting the US ISM non-manufacturers index due later in the day and key US jobs data this weekend, analysts added.


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Index Closing Change
NIKKEI 225 20,864.21 531.04 (2.61%)
DAX 11,126.08 111.49 (1.01%)
S&P 500 2,744.73 34.93 (1.28%)

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