Equities markets in Tokyo were slightly lower on Monday on declines in the securities and steel sectors. Semiconductors were down as well, while electronics were mixed and paper and pulp saw increases during the day. The Nikkei 225 fell 0.2 percent to 14,794.5, while the Topix index was down 0.1 percent to 1,514.22.

The steel sector was especially hard hit. Japan Steel Works fell just 0.2 percent to ¥656, while Kobe Steel dropped 3 percent to ¥326 and JFE was down by 4.6 percent to ¥4,380. Tokyo Steel, hurt by a quarterly report that showed earnings down 42.6 percent in the quarter, declined by 17.1 percent to ¥1,945.

The semiconductor sector was hurt by a profit warning from computer maker Dell. Advantest fell 1.4 percent to ¥10,930, while Tokyo Electron dropped 3.8 percent to ¥7,120.

Among electronics companies, Sony was down 0.6 percent to ¥4,810 and NEC fell by 2.1 percent to ¥566. On the other hand, Matsushita Electric Industrial gained 2.7 percent to ¥2,245, while Sharp was up 4.4 percent to ¥1,836.

The securities sector saw losses after Goldman Sachs issued a reduced forecast for the sector as a whole in the wake of first-quarter earnings reports from the four largest brokerages in Japan. Nomura fell 0.3 percent to ¥2,015, while Mitsubishi UFJ Securities was down 1.5 percent to ¥1,273 and Daiwa Securities was 2.7 percent lower to ¥1,226.

Prospects for consolidation sent the paper and pulp sector higher after Oji Paper made an unsolicited offer for Hokuetsu Paper Mills. Hokuetsu, in an effort to fend off the bid, offered to sell 50 million new shares to Mitsubishi Paper Mills. The news sent Oji Paper 2.3 percent higher to ¥656, while Mitsubishi Paper Mills was up 9.8 percent to ¥224 and Hokuetsu added 15.8 percent to ¥735.

The Tokyo equities markets were significantly higher on Thursday after new data showed that exports were up substantially in May. The Nikkei 225 added 3.4 percent to 15,135.69, while the Topix index was up 2.9 percent to 1,549.12. The gains came even though some are calling for the resignation of the governor of the Bank of Japan after he invested in a fund created by shareholder activist Yoshiaki Murakami, who was recently put under arrest.

Shares in companies dependent on commodities were up, with Mitsui Mining and Smelting adding 5.8 percent to ¥675 and Sumitomo Metal Mining rising by 6.3 percent to ¥1,352.

Electronics-related companies were up substantially as well. Both printer and camera maker Canon and consumer electronics and entertainment giant Sony added 3.6 percent on the day, to ¥8,000 and ¥4,940 respectively. Sharp gained 4.5 percent to ¥1,767, while Sanyo Electric was up 4.6 percent to ¥251 and Kyocera rose by the same percentage to ¥8,940. Tokyo Electron advanced by 5.9 percent to ¥7,760. Casio Computer added 7.2 percent to ¥2,030.

The securities sector, meanwhile, was up by 4.8 percent as a whole. Nomura gained 4.7 percent to ¥2,135, while Mitsubishi UFJ Securities was up 5 percent to ¥1,459. Daiwa Securities was up 5.1 percent to ¥1,459. Nikko Cordial advanced by 5.9 percent to ¥1,543.