Nikkei falls to 1-1/2-week low on tepid China surveys, weak Wall St

domingo 1 de noviembre de 2015 22:16 GYT

* Analysts hope China will take stimulus steps to aid market

* Murata surges after hiking its fiscal year forecast

* Kawasaki Kisen tumbles after a brokerage downgrade

By Ayai Tomisawa

TOKYO, Nov 2 (Reuters) - Japan's Nikkei share average fell on Monday morning, reaching a 1-1/2 weeks low, on lacklustre China economic surveys and weak U.S. stocks, while investors traded on individual company earnings news.

The Nikkei dropped 1.7 percent to 18,759.77 in mid-morning trade after slipping to 18,735.60, the lowest level since Oct. 22. The Nikkei rose the last three sessions last week.

An official survey released over the weekend showed that activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.

On Monday, a private survey showed that China's factory activity fell for an eighth straight month in October but at a slower pace as export orders revived.

Wall Street on Friday was hit by downbeat corporate earnings, which dragged down Nikkei futures trade on Monday morning before the cash market opened.   Continuación...