By Reuters Staff
(Corrects erroneous reference to Murata’s share split plan, fixes typo, paragraph 11)
TOKYO, June 30 (Reuters) - Japanese stocks erased early gains to trade flat on Wednesday, as investors held back from making big bets on concerns of the Delta variant of COVID-19 in Asia and amid a nine-month-old trend of a weak finish on the last trading of the month.
At midday, the Nikkei average was flat at 28,815.10, having erased early gains of 0.65%. The broader Topix edged up 0.03% at 1,949.97.
Shares initially took cues from an overnight rally in Wall Street, but investor-buying quickly succumbed to anxiety about the Japanese markets’ peculiar pattern since September to fall on the last trade of the month.
CORRECTED-Nikkei erases early gains as markets fret over Delta virus variant
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Japanese shares slip; clock losses in June on concerns over outlook
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