TOKYO, Dec. 13 (Xinhua) — Tokyo shares ended the four-day successful streak on Friday, triggered by an in a single day drop in U.S. shares that prompted profit-taking throughout a broad vary of shares.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed 378.70 factors, or 0.95 %, decrease at 39,470.44.
In the U.S. stock market the day past, main indices, together with the Dow Jones Industrial Average, declined. The weak point in U.S. tech shares weighed on Japan’s semiconductor sector, with Tokyo Electron among the many decliners.
The Nikkei had briefly surpassed the psychologically vital 40,000 mark through the earlier buying and selling session for the primary time in two months. However, fast positive aspects sparked warning amongst traders. Analysts famous that whereas the tempo of the rally prompted some adjustment, the market may rebound after upcoming central financial institution occasions in Japan and the U.S. subsequent week.
The yen’s weak point in opposition to the U.S. dollar offered some help. The yen-dollar alternate fee hit the decrease 153 yen vary, marking its weakest degree in about two weeks since November 27.
The broader Topix index additionally declined for the primary time in 5 classes, ending 26.47 factors, or 0.95 %, decrease at 2,746.56.
On the Tokyo Stock Exchange’s Prime part, decliners outnumbered advancers, with 1,053 shares falling, 530 rising, and 61 remaining unchanged.