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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo stocks erased early gains and closed lower on Monday in sluggish trade, with investors cautious ahead of Japan's corporate results season. The benchmark Nikkei 225 index fell 0.77 percent, or 229.33 points, to 29,538.73 while the broader Topix index lost 0.25 percent, or 4.88 points, to 1,954.59. Tokyo shares had opened higher as investors took heart from Wall Street rallies propelled by optimistic growth expectations as more people receive Covid-19 vaccines. But they soon gave up early gains, and closed in negative territory as declines on US stock futures and weak Asian shares dampened buying sentiment. Analysts said investors were staying on the sidelines before the earnings season gets into full swing. "Major businesses will start issuing annual corporate results from next week. Before that, the market will lack new cues," Okasan Online Securities said. Investors were watching rising Covid-19 infections in Japan, where fresh restrictions came into effect in several places including Tokyo on Monday, as the first elderly citizens got their shots. The market was also eyeing a summit between US President Joe Biden and Japan's Prime Minister Yoshihide Suga later this week in Washington. "We are paying attention to their comments on key topics such as China and vaccines," Daiwa Securities chief technical analyst Eiji Kinouchi told AFP. Tokyo investors cheered Japanese golfer Hideki Matsuyama's victory at the Masters shortly before the market opened. Toyota, whose Lexus brand endorses Matsuyama, rose 0.20 percent to 8,435 yen. Sumitomo Rubber Industries, which provides the Srixon brand of golf equipment and had its logo featured on a cap worn by Matsuyama, gained 0.60 percent to 1,325 yen. Uniqlo operator Fast Retailing lost 0.65 percent to 87,310 yen after an NGO alliance in France called for an investigation into Uniqlo and other clothing manufacturers, accusing them of profiting from forced labour of the Uyghur minority in China. "Human rights issues in China remain sensitive in the market," Kinouchi of Daiwa Securities said. hih-si/kaf/reb
schema:headline	Tokyo stocks close down ahead of earnings season
schema:mentions	Lexus Yoshihide Suga Toyota Swing music Agence France-Presse Prime Minister of Japan Uyghurs Non-governmental organization Asia Human rights University of Washington Golf Japan France Joe Biden China President of the United States Coronavirus disease 2019 Srixon Sumitomo Rubber Industries Matsuyama Technical analysis Futures contract Daiwa Securities Group Hideki Matsuyama Uniqlo Fast Retailing Baseball cap Unfree labour Japanese yen Nikkei 225 Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)

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