TOKYO, March 24 (Reuters) - Japan's Nikkei share
average was flat at the morning session's close on Monday as a
modest rise in Wall Street's three main indexes last week
marginally boosted market sentiment, but a looming deadline for
implementing additional U.S. tariffs kept investors cautious.
The Nikkei was unchanged from Friday's close of
37,676.97 by the midday break, while the broader Topix
fell 0.3% to 2,794.67 after logging an eight-month peak at the
end of last week.
The Nikkei received some support as a portion of heavyweight
shares saw some buying. Uniqlo parent firm Fast Retailing ( FRCOF )
rose 0.4% and AI-focused startup investor SoftBank
Group climbed 2.9%.
However, the benchmark index struggled to advance, seesawing
between gains and losses as market participants eyed the April 2
deadline that U.S. President Donald Trump has set for reciprocal
and sector-specific tariffs to go into effect.
Trump hinted that he would be flexible regarding the new
round of levies, helping lift the S&P and Dow at the end of the
week, but Japanese equity investors on Monday took a wary
approach to the impending threat.
Many important details regarding the latest tariffs are
still unknown, keeping investors on edge, said Kazuo Kamitani, a
strategist at Nomura Securities. "There's no way to predict it,
so we have no choice but to wait for the announcement," he said.
Many major semiconductor-related shares dragged on Monday to
follow their U.S. peers after the Philadelphia SE Semiconductor
Index ended nearly 1% down on Friday.
Tokyo Electron ( TOELF ) slid 0.3%, while Screen Holdings ( DINRF )
stumbled 3.3% to become the biggest percentage loser on
the Nikkei.
Among other big-name shares, Seven & i Holdings ( SVNDF )
rose 2% and Chugai Pharmaceutical ( CHGCF ) climbed 1.6%. Robot
maker Fanuc ( FANUF ) gave up 1.7%.
Of the Nikkei's 225 constituents, 66 advanced
while157declined. Two shares were untraded.