Japan’s Nikkei Closes Flat as Investors Caution Ahead of US Data

Japan’s Nikkei index closed flat on Monday, with chip-related stocks tracking the Nasdaq’s decline in the previous session, while investors were also cautious ahead of important US economic data later this week.

The Nikkei settled at 28,084.02 points at the close, while the broader Topix index rose 0.15% to 1965.67 points.

Topix shares for growth decreased by 0.05%, while Topix for shares of value rose 0.35%.

The S&P 500 ended last week at an unprecedented high, led by Nike and a number of banking stocks, while the Nasdaq closed slightly lower on Friday.

Chip equipment maker Tokyo Electron fell 1.63%, and chip test equipment maker Advantest lost 1.28%.