Japan Stocks Slip Amid Mixed Earnings; Canon Falls, Orix Gains
- Line, Nintendo decline on poor results; Fujitsu advances
- More than 350 Topix companies unveil earnings this week
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Japan’s Topix index fell from a six-month high as disappointing earnings from companies including Canon Inc. outweighed positive results from Orix Corp. and Fujitsu Ltd.
The Topix retreated from its highest level since April 27 at the close in Tokyo, after fluctuating in a narrow range for most of the session. Investors continue to parse corporate results to gauge the health of Japanese firms, with more than 350 companies on the measure reporting this week. Canon was the biggest drag on the benchmark gauge, while Orix contributed the largest boost. Fujitsu Ltd. advanced the most on the Nikkei 225 Stock Average after reporting positive earnings.