Markets

Nikkei 225 Sheds 0.69% On Industrial Data, Regional Caution

The Nikkei 225 Monday shed 0.69%, as traders eyed weaker-than-expected Japanese industrial output data, and continuing concerns about mainland China, after Friday's large stock-market drop on the mainland. Better news about retail sales, and an up-day on Sino securities exchanges were shrugged off.

The Japanese Trade Ministry reported October industrial output up 1.4% month-over-month, less than expected, and down 1.8% YOY. However, island retail sales were up 1.8% YOY, a bright spot.

The Nikkei 225 lost 136.47 to 19,747.47, as losers outnumbered gainers 168 to 56.

Leading the upside on a down day were ball-bearing maker NSK (NPSKY, 6471:Tokyo), up 4.59%; followed metal-fabricating equipment maker Amada AMDWF, (6113:Tokyo), up 3.86%; and then tech-textiles maker Unitika (3103:Tokyo), up 3.51%.

On the downside were trading-house MEIJI (MEJHF, 2269:Tokyo), off 4.92%; and then consumer-electronics concern Sharp (SHCAY, 6753:Tokyo), off 4.55%

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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