(Updates with closing prices)
By Junko Fujita
TOKYO, July 7 (Reuters) - Japan's Nikkei share average
ended lower on Monday as cautious investors assessed the details
of U.S. President Donald Trump's tariffs and their impact on
corporate outlook.
The Nikkei fell 0.56% to close at 39,587.68, after
opening marginally lower.
The broader Topix slipped 0.57% to 2,811.72.
"Investors turned bearish when they saw a small decline in
the Nikkei and sold more stocks," said Shoichi Arisawa, general
manager of the investment research department at IwaiCosmo
Securities.
"The market was awaiting any details of the U.S. tariffs.
Investors wanted to stay away from buying stocks until the
details became clear," he said.
The United States is close to finalizing several trade
agreements in the coming days and will notify other countries of
higher tariff rates by July 9, Trump said on Sunday, with the
higher rates scheduled to take effect on August 1.
Yaskawa Electric ( YASKF ) tanked 10.29% to become the
biggest percentage loser on the Nikkei. The machinery maker on
Friday cut its annual operating profit forecast, citing
uncertainties about the demand outlook due to the effect of U.S.
tariff policy.
Yaskawa said it did not factor in the effect of U.S. tariff
policy when it made the forecast in April.
Yaskawa's peers SMC Corporation and Fanuc ( FANUF )
lost 7% and 3.4%, respectively.
Automakers fell, with Toyota Motor ( TM ) and Honda Motor ( HMC )
dropping 1.11% and 1.63%, respectively.
Nissan Motor ( NSANF ) slipped 4.91%, following a local media
report that the automaker is in discussions with Taiwan's
Foxconn about electric vehicle collaboration that
could save its Oppama plant in Japan from closure.
Start-up investor SoftBank Group fell 1.07% to
become the biggest drag for the Nikkei.
Staffing agency Recruit Holdings ( RCRRF ) rose 2.32% to
become the biggest support to the Nikkei.