Nikkei may be trapped by weaker yen, Wall St fall

TOKYO, Nov 13 (Reuters) - Japan's Nikkei stock average may be
trapped on Friday between a slightly weaker yen, which should
help exporters such as Sony Corp (6758.T), and the negative
impact of U.S. stock falls on concerns about consumer spending.

Struggling Japan Airlines Corp 9205.T announces its results
on Friday morning, while a slew of banks including No. 2 lender
Mizuho Financial Group (8411.T) announce later in the day.

U.S. stocks fell on Thursday as a stronger dollar weighed on
commodity-linked shares and a guarded outlook from Wal-Mart
Stores Inc (WMT.N) led to worries about consumer spending. [.N]

"The weaker yen is likely to be a bit of a plus but the sense
that economic recovery is taking a bit of a breather will weigh
on the market," said Kazuhiro Takahashi, an equities analyst at
Daiwa Securities SMBC.

"We need some very good economic indicators before the
environment will really encourage buying of Japanese stocks."

The benchmark Nikkei .N225, which on Thursday snapped a
four-day rising streak, is likely to move narrowly ahead of the
weekend and Japanese gross domestic product data due out on
Monday.

Exporters and tech shares may gain on the weaker yen, but
resource-linked shares are likely to fall after metals and oil
prices slipped on Thursday.

The Nikkei is expected to move between 9,700 to 9,950. It
closed at 9,804.49 on Thursday.

Nikkei futures traded in Chicago 2NKc1 closed at 9,780,
flat against the Osaka close of 9,790 JNIc1.
----------------------MARKET SNAPSHOT @ 2300 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1087.24 -1.03% -11.270
USD/JPY JPY= 90.38 0.04% 0.040
10-YR US TSY YLD US10YT=RR 3.4438 -- -0.034
SPOT GOLD XAU= 1102.7 -0.08% -0.900
US CRUDE CLc1 76.79 -0.19% -0.150
DOW JONES .DJI 10197.47 -0.91% -93.79
-------------------------------------------------------------
> Wall St falls on energy shares, consumer worries [.N]
> Dollar gains broadly as risk appetite fades [USD/]
> Prices climb after 30Y note sales, Wall St dip [US/]
> Gold retreats from record as dollar recovers [GOL/]
> Oil falls nearly 3 pct on U.S. inventories, dollar [O/R]
STOCKS TO WATCH

-- KDDI Corp (9433.T)

KDDI said on Thursday that it will acquire a 50 percent stake
in BRAC BD Mail Networks Ltd. of Bangladesh through a third-party
allotment of new shares by the Dhaka-based Internet access
service provider.

-- Daiwa Securities Group Inc (8601.T), Japan's No.2
brokerage, said it will double the capital of its Asian
operations to 190 billion yen ($2.1 billion) as it accelerates
overseas expansion. [ID:BNG497565]

-- Mitsubishi Corp (8058.T), trading houses

Trading houses may suffer after copper and other metals ended
lower on Thursday, weighed down by growing concern about demand
weakness and a slight rebound in the U.S. dollar.

Oil also fell nearly 3 percent on the dollar and growing U.S.
crude inventories.
(Reporting by Elaine Lies; Editing by Hugh Lawson)