TOKYO, Feb 4 Reuters Japanese shares snapped a threeday winning streak on Thursday, dragged down by declines in chiprelated companies, although a surge in shares of Sony limited some losses.
Sonys shares rose 9.54 to hit its highest level since September 2000, and were the biggest gainer on the Nikkei share average, after the electronics and media giant raised its fullyear profit outlook.
Nikkei declined 1.06 at 28,341.95, while the broader Topix dipped 0.32 to 1,865.12.
Chiprelated shares led losses, with Advantest falling 3.94, Sumco losing 3.8 and Fanuc declining 3.26. Tokyo Electron fell 2.6.
Chiprelated shares rose too much before the earnings season started but now all the good news are out, said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
Virusbeaten down transport shares are gaining but whether those shares could maintain the momentum is questionable as the pandemic is far from over.
Transport stocks continued to rise on Thursday, with Japan Airlines and West Japan Railway gaining 1.48 and 0.71, respectively.
Brokerages gained the most among the 33 sector subindexes on the Tokyo exchange as Nomura Holdings jumped 4.09 after reporting strong earnings. Daiwa Securities Group rose 2.03.
The sea transport sector jumped 2.96 after Kawasaki Kisen raised its outlook. The shipping company rose 4.39 and its peer Nippon Yusen gained 4.3.
Kao fell 8.19 after the cosmetics and toiletries maker reported a 14.9 decline…