TOKYO, Dec 4 (Reuters) - Japan's Nikkei share average
edged down on Wednesday, with investors booking profit after two
straight days of gains as they awaited fresh economic cues from
the U.S. and Japan.
The Nikkei declined 0.4% to 39,077.04 by the midday
break, after closing up nearly 2% the previous day.
The broader Topix was down 0.6% at 2,735.97.
Japan's major technology shares got off to a solid start
before slipping as investors secured profit after Tuesday's
large gains.
The market was also weighing escalating trade tensions after
the United States' latest crackdown on China's chip sector.
AI-focused startup investor SoftBank Group shed
2.5%, and chip-making equipment giant Tokyo Electron ( TOELF )
slid 0.6%, while chip peer Advantest ( ADTTF ) gained 0.8%.
Wall Street ended mixed overnight, offering limited momentum
to Japanese equities.
With monetary policy meetings in both the U.S. and Japan
coming up later this month, economic news was in focus, said
Kenji Abe, chief strategist at Daiwa Securities.
The U.S. jobs report will be released on Friday, while the
U.S. CPI and the Bank of Japan's "tankan" survey are due later
this month.
"I think investors are paying a lot of attention to those,"
said Abe.
Federal Reserve Chair Jerome Powell will also speak later on
Wednesday.
Among individual shares, Uniqlo parent firm Fast Retailing ( FRCOF )
climbed 0.8% to offer the overall Nikkei support. The
company said on Monday that Uniqlo's domestic same-store sales
in November increased 12.2% compared to the same month last
year.
Ryohin Keikaku ( RYKKF ) jumped 5.6% after the Muji retail
stores operator also reported a rise in domestic retail and
online store sales last month compared to a year ago.
Shares of pharmaceutical firm Eisai ( ESALF ) tumbled 4.5% on
news that Biogen expects growth of its Alzheimer's
disease drug, Leqembi, to see a "linear trend" in the United
States in the near term. Biogen sells Leqembi with Eisai ( ESALF ).
Automakers stumbled, with Subaru and Nissan Motor ( NSANF )
both losing about 3.3%.