{"id":93306,"date":"2023-11-29T12:07:54","date_gmt":"2023-11-29T08:07:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=93306"},"modified":"2023-11-29T12:07:57","modified_gmt":"2023-11-29T08:07:57","slug":"nikkei-closes-lower-under-pressure-from-profit-taking-wave","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/nikkei-closes-lower-under-pressure-from-profit-taking-wave\/11\/29\/market-updates\/","title":{"rendered":"Nikkei closes lower under pressure from profit taking wave"},"content":{"rendered":"\n<p>The Japanese Nikkei index ended the session on Wednesday with a decline amid tepid trading, as investors continued to sell shares to take profits after a rise witnessed last week.<\/p>\n\n\n\n<p>The Nikkei index fell 0.26 percent to 33,321.22 points after opening with a decline of 0.49 percent and then rising during the session.<\/p>\n\n\n\n<p>Investors began a profit-taking wave after the index reached its highest level in 33 years on November 20. But the index did not reach a close higher than the level it recorded on July 3, which was 33,753.33, which is the highest closing level in 33 years.<\/p>\n\n\n\n<p>The broader Topix index fell 0.51 percent to 2,364.50 points, pressured by a decline in banking stocks. The banking index lost 2.54 percent, and shares of Mitsubishi Financial Group (UFJ) and Sumitomo Mitsui Financial Group witnessed a decline of 2.83 percent and 2.63 percent, respectively.<\/p>\n\n\n\n<p>Fast Retailing shares, which owns the Uniqlo brand, erased its gains and ended the session down 0.61 percent. But Tokyo Electron chip manufacturing equipment shares rose 0.69 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Nikkei index ended the session on Wednesday with a decline amid tepid trading, as investors continued to sell shares to take profits after a rise witnessed last week. The Nikkei index fell 0.26 percent to 33,321.22 points after opening with a decline of 0.49 percent and then rising during the session. Investors began &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52183,"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":[37,36],"tags":[6837,6885,8501,8143],"class_list":["post-93306","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eurozone","tag-fed","tag-feds-beige-book","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93306","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=93306"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93306\/revisions"}],"predecessor-version":[{"id":93307,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93306\/revisions\/93307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52183"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}