Japan Market slides 0.67% on profit booking

The Japan share market declined for the first time in seven sessions in row on Tuesday, 05 July 2016, due to profit booking on recently outperforming stocks. Meanwhile selloff pressure mounted on caution ahead of important U.S. economic indicators scheduled to be released later this week, including June jobs data due out Friday, as well as the outcome of Japan's upper house election on Sunday. Total 24 out of 33 TSE sectors declined, with Fishery, Agriculture & Forestry, Machinery, Insurance, Banks, Mining, and Real Estate issues being major losers while Textiles & Apparels, Rubber Products, Construction, and Marine Transportation issues were notable gainers. The 225-issue Nikkei Stock Average dropped 106.47 points, or 0.67%, to 15669.33. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 5.33 points, or 0.42%, to 1256.64. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1155 to 743 and 144 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 2.82% to 27.72.

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