TOKYO, Oct 10 (Reuters) - Japan's Nikkei share average isexpected to open down on Wednesday and test a one-month low onconcerns over companies' latest quarterly earnings results asglobal growth slows.
was likely to trade between 8,600 and8,750, strategists said, after dropping 1.1 percent to 8,769.59.The broader Topix
index shed 1.3 percent to 727.68/
Nikkei futures in Chicagoclosed at 8,675 onTuesday, down 1.1 percent from the Osaka
close of 8,770.
"The Alcoa results were above market forecast but they werestill in the red," said Takashi Hiroki, chief strategist atMonex Inc.
posted a net loss of $143 million, or 13cents per share, compared with a profit of $172 million, or 15cents per share, in the same quarter last year.
"The market sentiment was very weak (in the United States),so in today's market the selling pressure will be stronger,"Hiroki said.
U.S. stocks fell on Tuesday, led by losses in technologyafter brokerage downgrades of Intel
and other majorcompanies as worries increased about third-quarter U.S.earnings.
According to Thomson Reuters I/B/E/S, Japanese companies areforecast to post an average 57 percent year-on-year rise inearnings in 2012, down from 73 percent four months ago, after a23 percent year-on-year decline last year, when the country washit a massive earthquake and tsunami as well as a nuclearfallout.
The benchmark Nikkei is up 3.7 percent so far this year,trailing a 14.6 percent rise in the S&P 500
and a 10.5percent gain in the pan-European STOXX Europe 600
> Wall St falls in tech-led sell-off, Alcoa up late
> Dollar, yen rise on Greece, 3rd quarter earnings FRX/]> Treasuries gain as global growth fears come to fore
> Gold drops for third day on worries of global slowdown
> Oil rises 2 pct on Mideast tension, Saudi comments eyed
STOCKS TO WATCH--HONDA MOTOR CO
American Honda and natural gas fueling station operatorClean Energy Fuels Corp
are offering $3,000 worth offuel to customers buying a 2012 Honda Civic Natural Gas car, thecompanies said on Tuesday.
(Reporting by Dominic Lau; Editing by Eric Meijer)
Keywords: MARKETS JAPAN STOCKS/