TOKYO, Feb 4 (Reuters) - Japanese shares snapped a three-session rally on Thursday, mainly led by declines in chip-related shares as investors booked profits, while electronics and media giant Sony jumped more than 9% on upbeat third-quarter earnings.
"Chip-related shares rose too much before the earnings season started but now all the good news are out," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley (NYSE: MS ) Securities.
"Virus-beaten down transport shares are gaining but whether those shares could maintain the momentum is questionable as the pandemic is far from over."
Sony 6758.T surged 9.45% and was the biggest gainer in Nikkei, after the company raised its full-year profit outlook. stocks continued their rallies, with Japan Airlines 9201.T and Central Japan Railway 9022.T gaining 3.15% and 1.49%, respectively.
Sea transport sector jumped 4.74%, after Kawasaki Kisen raised its outlook. Kawasaki Kisen surged 7.14%, while Nippon Yusen 9101.T jumped 6.23%.
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