Japan Nikkei falls on profit booking


The Japanese stock market ended its session lower on Monday, October 18, 2021, as investors opted to book some profits after strong gains in the previous two sessions out of caution ahead of corporate earnings and the looming general election. However, market losses capped expectations that the Japanese government will issue further pandemic stimulus after the Oct. 31 general election.

At the close, the 225-number Nikkei Stock Average fell 43.17 points, or 0.15%, to 29,025.46.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 4.70 points, or 0.23%, to 2,019.23. The turnover of trading volume on the main section was 1.08 billion shares worth 2.53 trillion yen.



In total, 18 of the 33 industry groups ended down with the Topix. and Retail (down 0.9%), while top performing sectors included Mining (up 5%), Petroleum & Coal Products (up 2.3%), non-ferrous metals (up 2.3%) and iron and steel (up 2.1%).

CURRENCY NEWS: The dollar stood at 114.26 yen in afternoon Asian trading, slightly down from 114.28 yen in New York on Friday, but up from the 112 level yen the previous 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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