TOKYO, Sept 6 (Reuters) - Japan's Nikkei share average
traded lower on Friday as investors awaited key U.S. jobs data
due later in the day, which will likely set the stage for an
interest rate cut by the Federal Reserve this month.
The Nikkei was down 0.24% at 36,568.05 by the midday
break, after opening 0.43% higher. The index is set to fall 5%
for the week.
"It was hard to find reasons to buy stocks aggressively
ahead of the release of the non-farm payrolls data," said Jun
Morita, general manager of the research department at Chibagin
Asset Management.
Chip-making equipment maker Tokyo Electron ( TOELF ) fell 2%
to drag the Nikkei the most. Chip-testing equipment maker
Advantest ( ADTTF ) lost 1.4% and air-conditioning maker Daikin
Industries ( DKILF ) slipped 4%.
Seven & i Holdings ( SVNDF ) fell 1.87%, after the retail
giant said it had rejected Canada's Alimentation Couche-Tard's
ATD.TO $38.5 billion cash bid for the company because the
proposal was not in the interest of shareholders.
Sekisui House ( SKHSF ) touched a record high, after the
Japanese housing maker raised its annual profit forecast on the
robust U.S. housing business.
Sekisui House ( SKHSF ), which has been expanding its U.S. business,
is likely to benefit from the potential U.S. rate cut, was last
up 2.22% at 3,922 yen.
The broader Topix fell 0.59% to 2,603.31, dragged
lower by electronic appliance maker Hitachi ( HTHIF ), which lost
4%. Toyota Motor ( TM ) fell 1.64%.
The index is poised to fall 3.4% for the week.
Of more than 1,600 shares on the Tokyo Stock Exchange's
prime market, 37% stocks rose and 58% fell, with 3% trading
flat.