Tokyo's main index fails to get a boost from Wall Street trading overnight
- Session high 21,906.41
- Session low 21,628.45
Most Asian equities are trading higher on the day but the Nikkei has been weighed down as poor earnings weighed on telcos as well as big corps such as Panasonic and Yamaha. Concerns on profit outlook and rising costs led to heavy losses in the telcos sector and that is what drove Japanese stocks lower on the day.
Elsewhere in Asia, Chinese bourses are mostly faring well with the Hang Seng up by 1.8% and the Shanghai Composite up by 0.5% currently. That's a more modest reflection of the mood in the equities space as we begin the new month.