Nikkei 225 index lower on US consumer sentiment

Japan's Nikkei Stock Average breached upward trend on Wednesday, pushed down by lower than expected US consumer confidence. Nikkei 225 index lost 0.71% or 72.58 points and settled at 10,182.57. Sharp Corp. rallied 15% after Foxconn Technology Group said it will buy a stake in the display producer. Nippon Kayaku edged down 3% after reporting a 14% drop in its operating profit for the three quarters citing declining sales and surging research and development costs.