By Stanley White
TOKYO, Oct 29 (Reuters) - Japanese shares fell to a one-month low on Thursday as the return of coronavirus lockdowns in France and Germany put a damper on investor sentiment only days before the U.S. presidential election.
Japanese shares took the lead from a sharp fall in U.S. and European stocks after France and Germany, Europe's two-largest economies, were forced back into lockdown to contain a second wave of coronavirus infections. investors were also reluctant to buy equities and other risky assets due to uncertainty about the Nov. 3 election in the United States.
However, declines in Tokyo shares were limited as some individual companies rose due to an improving earnings outlook.
Both Sony and Hitachi rose after raising their earnings forecasts, which suggests Japanese companies are likely to weather another dip in global economic activity, analysts said. were 51 advancers on the Nikkei index against 170 decliners.
The volume of shares traded on the Tokyo Stock Exchange's main board .TOPX was 0.39 billion, compared to the average of 1.05 billion in the past 30 days.
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