Stocks in Tokyo were little changed on Monday, as investors remained cautious ahead of the Bank of Japan's policy meeting.

The benchmark Nikkei 225 index closed down 3 points at 8,929 in Tokyo while the
Hang Seng retreated 34 points at 21,511 in Hong Kong.

Traders also digested a host of disappointing earnings from the likes of car giant Honda which cuts is annual profit forecast after anti-Japan protests in China shrunk sales in the country. Peers Toyota Motor and Nissan Motor fell in sympathy.

NTT DoCoMo plunged 6% after the mobile provider cut its full-year operating profit forecast by 9%.

NEC rallied 5.5% after it posted a first half operating profit of ¥47.4bn despite a slow first quarter.

Elsewhere Sinopec reported a fall in profit as demand slowed. Its third-quarter net profit fell nearly 10% from a year ago but still beat analyst expectations.

Among financials China Construction Bank firmed in Hong Kong after it said third-quarter net profit rose 12% from the year before.

Sumitomo Mitsui Financial was in favour in Tokyo after it increased its half-year profit forecast late on Friday.

China Telecom also rose after it said net half year net profit dropped 8% after it was hit by rising costs.


CJ

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