TOKYO, July 7 (Reuters) - Japan's Nikkei share average
fell on Monday as cautious investors weighed the details of U.S.
President Donald Trump's tariffs and their impact on corporate
outlook.
The Nikkei fell 0.46% to 39,628.41 by the midday
break, after opening marginally lower.
The broader Topix fell 0.45% to 2,815.36.
"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 8.81% 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 7.34% and 3.23%, respectively.
Automakers fell, with Toyota Motor ( TM ) and Honda Motor ( HMC )
dropping 1.11% and 1.63%, respectively.
Nissan Motor ( NSANF ) slipped 4.35%, 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 1.64% to
become the biggest drag for the Nikkei. Chip-equipment maker
Tokyo Electron ( TOELF ) slipped 0.68%.
Staffing agency Recruit Holdings ( RCRRF ) rose 2.26% to
become the biggest support to the Nikkei.