TOKYO, June 20 (Reuters) - Japan's Nikkei share average
fell on Thursday, tracking declines in European stocks in the
previous session, with heavyweight stocks dragging the index
lower.
The Nikkei fell 0.64% to 38,324.1 by the midday
break. The broader Topix lost 0.7% to 2,709.56.
The U.S. market, which typically provides cues to the
Nikkei, was closed on Wednesday for a pulbic holiday.
"There were no clear reasons for the decline, but I guess
the performance of European stocks weighed on sentiment.
Concerns about political uncertainties in France and other
countries might have revived," said Kentaro Hayashi, senior
strategist at Daiwa Securities.
"The next cue to lift Japanese stocks will be when companies
start announcing their first-quarter earnings next month."
Uniqlo-brand owner Fast Retailing ( FRCOF ) lost 1.45% to
drag the Nikkei the most. Chip-equipment maker Tokyo Electron ( TOELF )
fell 0.37% and robot maker Fanuc ( FANUF ) slipped 1.2%.
The Tokyo Stock Exchange's smaller markets rose, with the
standard market rising 0.44% and the growth market
up 0.74%.
The gains came after the Tokyo Stock Exchange said on
Wednesday it would change the make-up of the benchmark Topix,
raising speculation that companies with larger market value in
those markets might be included in the Topix in the future,
strategists said.
Railway operator Keisei Electric Railway ( KELRF ) lost 3.58%
to become the top loser on the Nikkei, followed by heavy
machinery maker Kawasaki Heavy Industries ( KWHIF ), which fell
3.34%.
Isuzu Motors ( ISUZF ) rose 2.41% to become the biggest
gainer on the Nikkei.
Of the 225 Nikkei components, 47 stocks rose and 177 fell,
with one trading flat.