CORRECTED-Nikkei edges down after weak inflation data, China woes

viernes 25 de septiembre de 2015 03:57 GYT
 

(corrects trader's name in paragraph 10)

TOKYO, Sept 25 (Reuters) - Japanese stocks slipped on Friday morning after weak inflation data and lingering worries over slowing growth in China soured the mood.

Firms exposed to China took a hit, with faltering global demand highlighted by the Japanese government cutting its economic assessment, citing external risks posed by China and an upcoming U.S. interest rate hike.

The Nikkei share average edged down 0.1 percent in morning trade to 17,560.79 at the break. The Tokyo Stock Exchange was closed through Wednesday due to national holidays.

Morning losses in Chinese markets also weighed on Tokyo markets, dragging down China-linked shares.

Factory automation giant Fanuc Corp, which supplies many Chinese factories with assembly-line robotics, fell 4 percent. Kawasaki heavy Industries lost 3.2 percent.

Sharp lost as much as 10 percent, hitting its lowest level since 1975, after the Nikkei business daily reported the electronics maker would extend its operating loss to 30 billion yen ($249.94 million) for the April-September fiscal half.

Market players were unsure on whether further Bank of Japan stimulus might follow on the heels of the weak inflation data, which showed consumer prices fell for the first time since the BOJ launched massive stimulus more than 2 years ago. ID:nL4N11U5EQ]

Some saw Prime Minister Abe's Thursday speech as a shift away from concrete, market-focused policies and toward domestic social issues ahead of next July's election. (ID:nT9N10I02Q)   Continuación...