Nikkei Closes Lower Under Pressure From Chip Stocks

The Japanese Nikkei index closed lower Friday, August 13, led by the decline in chip-related shares that tracked their US counterparts, but heavyweight Recruit Holdings held back losses thanks to its rise.

The Nikkei fell 0.14% to close at 27977.15 points, while the broader Topix index gained 0.15% to 1956.39 points.

But in the week, Nikki made his second straight gain.