Nikkei slips on data from U.S., China; Tepco sinks after JPX400 reshuffle

domingo 9 de agosto de 2015 22:44 GYT
 

* U.S. nonfarm payrolls boost Sept Fed rate hike bets

* China-linked stocks hit after July PPI, exports data

* Tepco dives after it finds no place in JPX400 reshuffle

* Japan stocks supported well despite commodities, Wall St falls

By Tomo Uetake

TOKYO, Aug 10 (Reuters) - Japan's Nikkei share average edged down on Monday after solid U.S. jobs data bolstered bets that the Federal Reserve will raise interest rates as early as September for the first time in nearly a decade.

Companies with heavy exposure to China such as steelmakers and some trading houses also came under pressure after Beijing released disappointing trade data at the weekend.

By the midday break, the Nikkei average was down 0.1 percent at 20,712.03, while the broader Topix dropped 0.1 percent to 1,677.47.

"The market is digesting the weekend data from U.S. and China. Investors were finally reminded of the reality that the long-lasting era of quantitative easing is ending in a month," said Stefan Worrall, director of equity cash sales at Credit Suisse in Tokyo.   Continuación...