Nikkei falls to 2-week low following Wall St drops

domingo 7 de febrero de 2016 22:00 GYT
 

* Volume likely to be subdued with holidays in China

* Japanese companies' weak earnings hurt sentiment - analyst

* Toyota underperforms after reporting weak 3Q results

By Ayai Tomisawa

TOKYO, Feb 8 (Reuters) - Japan's Nikkei share average fell to a more than a two-week low on Monday on concerns about weak earnings and after the U.S. jobs report failed to give clues on the Federal Reserve's monetary policy outlook.

The Nikkei dropped 1.2 percent to 16,625.87 points by midmorning after falling as low as 16,552.30 earlier, the lowest since Jan. 22. It has fallen for five straight sessions.

Trading volume is likely to be subdued with many regional markets in Asia closed for the Lunar New Year holiday.

On Friday, U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm.

Analysts said that despite a rebound in the dollar against the yen, the move is not strong enough to trigger buying in exporters. The greenback rebounded to 116.920, from a 2-1/2 week trough of 116.285.   Continuación...