Nikkei set to fall as slowdown fears persist ahead of earnings

TOKYO, Oct 9 (Reuters) - Japan's Nikkei share average wasseen starting weak on Tuesday as concerns grow that companieswill slash full year forecasts when they announce quarterlyearnings, after the World Bank warned China's slowdown could bemore protracted than thought.

Market players said the Nikkei was likely to trade between8,750 to 8,850 on Tuesday, after Nikkei futures in Chicago

closed at 8,800, down 0.8 percent from the close inOsaka


"People are basically waiting for the U.S. earnings to seejust what kind of impact the general slowdown, particularly inChina, has had on companies' earnings," said Toshiyuki Kanayama,senior market analyst at Monex.

U.S. stocks slipped on Monday, when the Japanese market wasclosed for a national holiday, after the World Bank cut itsgrowth forecasts for the East Asia and Pacific region, and saidthe slowdown in China could yet worsen.

Although Japan's earning season has yet to start in earnest,last week saw profit warnings from companies as China's growthslows, a protracted euro zone crisis crimps demand and the U.S.recovery struggles to gain traction.

The Nikkei ended up 0.4 percent at 8,863.30 on Friday asinvestors picked up cyclical stocks that had been hammered onconcerns about falling global demand, but the benchmark endeddown on the week as investors generally lacked incentives tobuy.> Wall St drops as investors wary of weak earnings

> Euro falls from 2-week highs vs dollar, as Spain weighs

> Prices fall as jobless rate improves, new supply due

> Gold hit by largest 2-day fall since August

> Oil dips on growth concerns; Middle East fears support


Mizuho said on Friday after the close that it would post a173.7 billion yen ($2.2 billion) appraisal loss on its equityportfolio for the July-September quarter.


Dentsu, Japan's biggest advertising agency, said after theclose on Friday that non-consolidated sales slid 8.2 percent inSeptember from a year earlier, marking the first drop in sevenmonths and the biggest since July 2011.

Dentsu said in a statement that it had posted double-digitdeclines in the information/communications andbeverages/cigarettes sectors, which account for a largepercentage of total sales.

($1 = 78.1600 Japanese yen)

(Reporting by Sophie Knight; Editing by Joseph Radford)

((sophie.knight@thomsonreuters.com)(+81 3 6441 1833)(ReutersMessaging:)(sophie.knight.thomsonreuters.com@reuters.net))