Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
* Nissan plunges 4 pct; cuts earnings outlook after market close
* Utility stocks fall on profit-taking
TOKYO, April 24 (Reuters) - Japan's Nikkei edged lower in choppy trade on Wednesday as investors stayed cautious before earnings results, but it remained around a 4-1/2-month high as sentiment was supported by a rally in U.S. stocks.
Nissan Motor Co tumbled 4 percent after TV Tokyo reported on late Tuesday that it would announce a large cut to its earnings outlook for the fiscal year that ended in March due to weak sales in North America and China.
After the market close, Nissan cut its earnings outlook and now expects a net profit of 390 billion yen, compared to previously forecast 410 billion yen.
The Nikkei share average ended 0.3 percent lower at 22,200.00, after opening higher.
In early trade, it hit as high as 22,362.92, the highest level since early December.
In U.S. markets, the S&P 500 index and the Nasdaq posted record closing highs after as a clutch of better-than-expected earnings reports eased concerns about a slowdown.
The broader Topix dropped 0.7 percent to 1,612.05, with trading volume slightly increased to 1.2 billion yen after falling below 1 billion shares in the past three days.
Activity for the rest of the week is expected to stay thin, with many investors on the sidelines before Japan's 10-day Golden Week holiday starting this weekend.
With a flurry of earnings reports due out on Friday, investors are not taking large positions, analysts said.
"The market is bracing for weak earnings forecasts. But as earnings prospects seemed to be priced in already, big turbulence is not expected in the market," said Nobuhiko Kuramochi, a strategist at Mizuho Securities.
Nidec Corp gained 0.8 percent after the electric motor maker expected a 21.8 percent rise in its net profit for the year ending March 2020.
Profit-taking hit the utility sector, which rose on Tuesday, with Tokyo Electric Power tumbling 4.1 percent and Osaka Gas shedding 2.7 percent. (Editing by Simon Cameron-Moore)