Japan's Nikkei ends slightly higher; dim corporate outlook dulls Sony's shine
The Nikkei ended 0.08% higher at 39,533.32, while the broader Topix inched down 0.09% at 2,739.68.
«A significant number of companies revised down their outlook. That negative surprise has made investors cautious about buying local stocks,» said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.
«The market is awaiting the outcome of SoftBank (Group) and banks to confirm the outlook trend.»
Results of Honda Motor, which reported a surprise 15% drop in second-quarter operating profit last week, was particularly a big surprise, said Kamada. The stock slipped 0.14% on Monday.
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