Tokyo stocks close flat ahead of U.S. CPI data-Xinhua

Tokyo stocks close flat ahead of U.S. CPI data

Source: Xinhua

Editor: huaxia

2023-11-13 17:21:00

TOKYO, Nov. 13 (Xinhua) -- Tokyo stocks closed flat on Monday, as early gains on technology buying were trimmed amid caution among investors awaiting U.S. inflation data due to be released this week.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 17.00 points, or 0.05 percent, from Friday at 32,585.11.

The broader Topix index, meanwhile, finished 0.10 point lower at 2,336.62.

Tokyo stocks opened higher, but gains supported by technology issues were offset by investors locking in gains amid caution ahead of the release of the U.S. consumer price index data for October that is seen as a key indicator of whether the U.S. Federal Reserve has been successful in cooling domestic economy, analysts said.

Among technology shares that helped support the market, semiconductor manufacturing equipment maker Tokyo Electron added 385 yen, or 1.7 percent, to 22,575 yen, while chip-testing device maker Advantest climbed 65 yen, or 1.5 percent, to 4,306 yen.