TOKYO, Nov. 7 (Xinhua) — Tokyo shares closed decrease on Tuesday as traders moved to lock positive factors over issues of excessive U.S. rates of interest and a fall in Wall Street futures.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 436.66 factors, or 1.34 %, from Monday at 32,271.82, snapping a four-day profitable streak.
The broader Topix index, in the meantime, completed 27.55 factors, or 1.17 %, decrease at 2,332.91.
While the danger of a decline in U.S. equities weighed on traders right here in Tokyo, profit-taking promoting additionally dominated the market after the Nikkei Stock Average registered this yr’s largest development on the earlier buying and selling day.
Meanwhile, as a number of main Japanese corporations have been saying their monetary outcomes, shares with worse-than-expected earnings outcomes or full-year forecasts have been additionally noticeably decrease.
On the top-tier Prime Market, decliners have been led by electrical energy and gasoline, pulp and paper and insurance coverage points.
Issues that fell outpaced people who rose by 1,241 to 380, whereas 38 ended the day unchanged.