Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers.<\/p>\n\n\n\n
The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points.<\/p>\n\n\n\n
The Nikkei jumped 2.1% on Friday to close at the level of 29,000 points for the first time since the tenth of May, while the US market achieved limited gains.<\/p>\n\n\n\n
Japan started its vaccination program in mid-February, later than most major economies, and is racing to vaccinate most elderly people ahead of the July 23 Olympic Games in Tokyo.<\/p>\n\n\n\n
The Nikkei was negatively affected by heavyweights such as Fast Retail and SoftBank Group, which fell 0.73% and 1.57%, respectively.<\/p>\n\n\n\n
Renesas Electronics plunged 5.51% after the chipmaker announced it had sold nearly $ 2 billion of shares to fund a planned deal to buy a dialog semiconductor for $ 6 billion.<\/p>\n\n\n\n
On the other hand, drug makers’ shares advanced, with Astellas Pharma jumping 2.1% and Chugai Pharmaceutical Industries 0.45%.<\/p>\n\n\n\n
Astellas shares were the highest gainer over the Nikkei in percentage terms, followed by Advantest, with an increase of 2.06%, and Yaskawa Electric, with gains of 1.34%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The Nikkei jumped 2.1% on Friday …<\/p>\n","protected":false},"author":9,"featured_media":40115,"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-46306","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\/46306","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=46306"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46306\/revisions"}],"predecessor-version":[{"id":46307,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46306\/revisions\/46307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40115"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}