TOKYO, July 10 (Reuters) - Japanese shares fell on Friday as a spike in fresh coronavirus cases at home and abroad fuelled concerns that the path to economic recovery could be hindered, while the market braced for corporate earnings pain.
The benchmark Nikkei share average fell 0.23% to 22,476.74 by the midday break, with 43 advancers on the index against 177 decliners.
In the broader market, Topix dropped 0.63% to 1,547.37 by the recess, with all but two of the 33 sector sub-indexes on the Tokyo exchange trading in the red.
More than 60,500 new COVID-19 infections were reported across the United States on Thursday, the largest single-day tally record, stoking fears that new lockdowns could take a toll on the economic recovery.
Highly cyclical mining, securities brokerages and real estate were the top three worst performers on the main bourse.
Fast Retailing Co slipped 2.21% after Uniqlo owner lowered its outlook for the year as coronavirus-led store closures and weak consumer spending restrained the company’s growth.
E-mini futures for the S&P 500 inched down 0.11%, which created an added headwind to the market.
Further losses, however, were offset by gains in tech-related stocks following a 0.53% overnight gain in Nasdaq, with Casio Computer Co adding 2.68% and Nikkei heavyweight SoftBank Group Corp rising 1.56%.
Bucking the overall losses, Sony Corp gained 2.7% following media reports about the company making a $250 million strategic investment in Epic Games, the creator of “Fortnite”. (Reporting by Eimi Yamamitsu; Editing by Simon Cameron-Moore)