{"id":86138,"date":"2023-07-05T12:56:20","date_gmt":"2023-07-05T08:56:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86138"},"modified":"2023-07-05T12:56:22","modified_gmt":"2023-07-05T08:56:22","slug":"japans-nikkei-decline-amid-profit-taking","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/japans-nikkei-decline-amid-profit-taking\/07\/05\/market-updates\/","title":{"rendered":"Japan&#8217;s Nikkei decline amid profit-taking"},"content":{"rendered":"\n<p>The Japanese Nikkei index fell at the close on Wednesday for the second day in a row, amid investors taking profits that came after a wave of rises in the market recently.<\/p>\n\n\n\n<p>Fast Retailing pressured the index after the company that owns the Uniqlo brand announced a decline in monthly sales.<\/p>\n\n\n\n<p>The Nikkei index fell 0.25 percent to close at 33338.70, but it compensated for most of its losses, which had reached 1 percent earlier in the session.<\/p>\n\n\n\n<p>The broader Topix index ended the session at an almost stable level, declining only by 0.01 percent, to record 2,306.03 points.<\/p>\n\n\n\n<p>Fast Retailing fell 2.54 percent, putting the biggest pressure on the Nikkei after the company reported a 3.4 percent decline in June sales.<\/p>\n\n\n\n<p>Contact lens company Hoya fell 2.86 percent, becoming the biggest loser on Nikkei.<\/p>\n\n\n\n<p>Chipmaker Tokyo Electron fell 0.35% and medical equipment maker Terumu fell 1.61%.<\/p>\n\n\n\n<p>But Daiichi Sankyo rose 6.82 percent to become the biggest gainer on the Nikkei, after it plunged 15 percent in the previous session.<\/p>\n\n\n\n<p>The pharmaceutical companies sector rose 1.78 percent, with Sumitomo Pharma recording a jump of 3.5 percent.<\/p>\n\n\n\n<p>Kawasaki Kisen Kaisha Shipping rose 5.58 percent, lifting the entire freight sector to be the best performing sector on the Tokyo Stock Exchange out of 33 sub-sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Nikkei index fell at the close on Wednesday for the second day in a row, amid investors taking profits that came after a wave of rises in the market recently. Fast Retailing pressured the index after the company that owns the Uniqlo brand announced a decline in monthly sales. The Nikkei index fell &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52018,"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":[36],"tags":[8230,8108,7187],"class_list":["post-86138","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-asian-financial-crisis","tag-south-korea","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86138","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=86138"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86138\/revisions"}],"predecessor-version":[{"id":86139,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86138\/revisions\/86139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52018"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}