Japan Nikkei drops 0.56% on profit booking


The Japanese stock market ended lower in year-end trading lows on Wednesday, Dec. 29, 2021, as investors locked in profits after a mixed session on Wall Street overnight and the benchmark Nikkei closing the previous month’s high.

At the close, the 225-number Nikkei Stock Average fell 162.28 points, or 0.56%, to 28,906.88. The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 6.03 points, or 0.3%, to 1,998.99.

Shares associated with chipmakers fell, with Tokyo Electron falling 1% and Advantest wiping out 1.6%.



Retailer shares rose, with J.

Front Retailing gained 7.4% after reporting positive results for the nine months ending November 2021. Isetan Mitsukoshi Holdings rose 0.9%, while Takashimaya rose 0.5%.

CURRENCY NEWS: The Japanese yen was trading at 114.89 to the dollar, weaker than levels below 114.5 seen against the greenback earlier this week.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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