TOKYO stocks have ended mixed as late bargain-hunting recouped some of the morning session's losses, which followed a sharp fall on Wall Street last week and poor September trade figures.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange on Monday edged 0.09 per cent, or 8.03 points, higher to 9,010.71, while the Topix index of all first-section issues slipped 0.09 per cent, or 0.67 points, to 753.72.
The Nikkei opened 1.4 per cent lower after official data showed Japan logged a $US7.0 billion ($A6.82 billion) trade deficit in September, hit by the global slowdown and fallout from a bitter territorial spat with its biggest trading partner, China.
It was Japan's worst September trade figure in more than 30 years, with exports falling 10.3 per cent on-year. Exports to China tumbled 14.1 per cent.
"The weak Japan September trade numbers were horrible, while Mitsubishi Corp's forecast cut is also weighing heavily on the market," CLSA equity strategist Nicholas Smith told Dow Jones Newswires.
Hopes for further easing by the Bank of Japan pushed down the yen, boosting exporters with bargain-hunting helping erase some of the early losses and send the Nikkei index into positive territory before the closing bell.
Exporters had a mixed session with Toyota rising 0.31 per cent to Y3,150 while Sony dipped 0.40 per cent to Y979.
Mitsubishi lost 1.81 per cent to Y1,404 as the trading house slashed its profit forecast for the fiscal year to March 2013 after markets closed on Friday.
The company said it now expects a Y330 billion ($A4.06 billion) net profit, down from an earlier Y500 billion forecast. It blamed the change on a fall in global commodity prices and a prolonged strike at its Australian coking coal subsidiary.
Electronics giant Sharp Corp rose 7.38 per cent to Y160 following reports that it is in talks to ink long-term LCD panel supply deals with computer giant Lenovo, Hewlett-Packard and Dell.
On currency markets the dollar rose to Y79.64 from Y79.32 in New York late on Friday, while the euro bought $US1.3055 and Y103.98 in Tokyo, against $US1.3067 and Y103.31 in New York late on Friday.
US markets sank on Friday with the Nasdaq pulled down by a tech stock rout led by Apple and Microsoft as a series of disappointing earnings and trimmed forecasts spooked investors.
The Dow Jones Industrial Average finished down 1.52 per cent at 13,343.51 while the tech-heavy Nasdaq gave up 2.19 per cent to end at 3,005.62.
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