{"id":84734,"date":"2023-05-31T12:24:16","date_gmt":"2023-05-31T08:24:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84734"},"modified":"2023-05-31T12:24:19","modified_gmt":"2023-05-31T08:24:19","slug":"japans-nikkei-index-ends-a-4-day-winning-streak-amid-profit-taking-and-yen-strength","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/japans-nikkei-index-ends-a-4-day-winning-streak-amid-profit-taking-and-yen-strength\/05\/31\/market-updates\/","title":{"rendered":"Japan&#8217;s Nikkei index ends a 4-day winning streak amid profit-taking and yen strength"},"content":{"rendered":"\n<p>Japan&#8217;s Nikkei ended a four-day winning streak on Wednesday, with investors taking profits after the index hit a 33-year high earlier this week, and a stronger yen and disappointing Chinese data also weighed on the markets.<\/p>\n\n\n\n<p>The Nikkei index fell 1.41 percent to 30,887.88 points, its biggest daily decline since April 5. It jumped 7% in May, its biggest monthly gain since November 2020.<\/p>\n\n\n\n<p>The broader Topix index fell 1.32 percent to 2,130.53 points.<\/p>\n\n\n\n<p>Asian stock markets are heading for a second consecutive monthly decline, as weak factory activity data from China provided the latest evidence of a stalled recovery in the world&#8217;s second largest economy.<\/p>\n\n\n\n<p>Fast Retailing, which owns clothing brand Uniqlo, fell 1.08 percent, putting the biggest pressure on the Nikkei. Chipmaking equipment giant Tokyo Electron fell 2% and chip testing equipment maker Advantest 1%.<\/p>\n\n\n\n<p>Toyota subsidiary Hino Motors jumped 12.3 percent after Daimler Trucks (ETR:MBGn) and Toyota Motor struck an initial deal to merge their truck units in Japan. Toyota shares fell 1.62 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Nikkei ended a four-day winning streak on Wednesday, with investors taking profits after the index hit a 33-year high earlier this week, and a stronger yen and disappointing Chinese data also weighed on the markets. The Nikkei index fell 1.41 percent to 30,887.88 points, its biggest daily decline since April 5. It jumped 7% &hellip;<\/p>\n","protected":false},"author":9,"featured_media":80397,"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-84734","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\/84734","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=84734"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84734\/revisions"}],"predecessor-version":[{"id":84735,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84734\/revisions\/84735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/80397"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}