Japan’s Nikkei index fell on Friday, as the pre-weekend profit-taking sell-off outperformed optimism about a general economic recovery, but the index gained for the third week in a row.<\/p>\n\n\n\n
The Nikkei fell 0.72% to 30,017.92 points, further moving away from its 30-year-and-a-half high of 30,714.52 points it touched on Monday. But the index managed to finish the week, up 1.69%.<\/p>\n\n\n\n
The broader Topix index fell 0.67% to 1,928.95 points and fell 0.25% for the week.<\/p>\n\n\n\n
Fast Retailer, the Nikkei’s highest weight, fell 2.4%, erasing early gains as investors sold the stock to take profits, after rising nearly 10% this week.<\/p>\n\n\n\n
Online brokerage Monex plunged 10.4% after rising to more than a double since the start of the month by Thursday.<\/p>\n\n\n\n
Some travel companies’ shares also declined, after gains made earlier this week after the start of a COVID-19 vaccination campaign in Japan.<\/p>\n\n\n\n
ANA Holdings was down 3.9%, while Japan Airlines was down 3.7%. Central Japan Railways lost 3.7%.<\/p>\n\n\n\n
But some tech companies bucked the trend, with condensate maker Taiyo Yuden gaining 3.4%.<\/p>\n\n\n\n
Toyota Buschoco shares rose 1.7% after the company said that Toyota Motor had sold part of its stake in the company, in a move aimed at increasing the free float shares and enabling the company to be listed in the upper class of the Tokyo Stock Exchange in a general amendment in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s Nikkei index fell on Friday, as the pre-weekend profit-taking sell-off outperformed optimism about a general economic recovery, but the index gained for the third week in a row. The Nikkei fell 0.72% to 30,017.92 points, further moving away from its 30-year-and-a-half high of 30,714.52 points it touched on Monday. But the index managed to …<\/p>\n","protected":false},"author":9,"featured_media":37445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-41760","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41760"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41760\/revisions"}],"predecessor-version":[{"id":41761,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41760\/revisions\/41761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37445"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}