Japan: Stocks falls on profit booking
Capital Market The Japan share market finished session lower on Friday, 12 May 2017, as investors elected to cash profits after the benchmark hits 17-month high yesterday. Meanwhile, the yen's appreciation against the U.S. dollar and Wall Street's overnight decline also fuelled profit booking. However, losses were limited as investors focused on a slew of corporate earnings such as from automaker Nissan on a surprise hike in dividend. The 225-issue Nikkei Stock Average lost 77.65 points, or 0.39%, to close the day at 19,883.90. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 6.15 points, or 0.39%, to end at 1,580.71. The 225-issue Nikkei average gained 2.3% for the week. Trading volume on the main section on Friday came to 2,248.62 million shares, rising from Thursday's volume of 2,292.02 million shares. The turnover on the final trading day of the week totaled 2,964.5 billion yen.
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