Japanese shares down ahead of company reporting

US, WASHINGTON (ORDO NEWS) — Japanese stocks on Monday retreated from the nearly six-week high reached in the previous session, as market participants were cautious in anticipating the release of company reports, which are likely to shed light on the damage caused to the economy by the pandemic.

The Nikkei index fell 1.15% to 19.669.12 points after the fall of the consumer and health sectors. The wider Topix index fell 0.7% to 1.432.41 points.

The health sector, which initially received support as companies began testing pandemic-related drugs, lost some of the benefits against profit-taking.

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