Headline indices of the Japan share market closed marginally lower after wiping out early gains on Thursday, 14 March 2019, as investors elected to book profit after China reported a mixed bag of data that renewed concerns about the global economy. Total 22 subsectors of the 33 subsectors of the Tokyo Stock Exchange declined, with shares in Chemicals, Textiles & Apparels, Marine Transportation, Glass & Ceramics Products, Air Transportation, and Electric Appliances issues being notable losers, whereas shares in Oil & Coal Products, Pulp & Paper, Fishery, Agriculture & Forestry, Securities & Commodities Futures issues were notable losers. At closing bell, the 225-issue Nikkei Stock Average declined 3.32 points, or 0.02%, at 21,287.02. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 3.78 points, or 0.24%, at 1,588.29.
Shares of cyclical companies were lower, with Advantest Corp tumbling 2.9%, TDK Corp and Panasonic Corp both sliding 1.5%.
Shares of shipping firms also fell, with Kawasaki Kisen down 3.1% and Mitsui OSK Lines off 0.6%.
SoftBank Group Corp jumped 1.3% on reports that the company and Toyota Motor Corp are in talks to invest $1 billion or more in the self-driving vehicle unit of Uber Technologies Inc's.
Semiconductor equipment maker Samco Inc tumbled 11% after the company cut its net profit forecast to 350 million yen from 640 million yen due to weak orders for chip equipment.
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