Japan share market finished lower for the first time in four straight sessions on Tuesday, 15 September 2020, investors locked in gains after the Nikkei index ending at a seven-month high the previous day coupled with the yen's strength against the U. S. dollar.
At closing bell, the 225-issue Nikkei Stock Average declined 104.41 points, or 0.44%, to 23,454.89.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 10.26 points, or 0.62%, to 1,640.84.
Total 29 issues of the 33 industry category of Topix index ended into red territory, with Iron & Steel, Air Transportation, Mining, Land Transportation, Pulp & Paper, Fishery, Agriculture & Forestry, and Insurance issues being notable losers, while Marine Transportation, Services, and Banks issues were notable gainers.
Sony Corp shares plunged 2.4% to 8,058 yen following reports that it would downgrade its production target for PS5 consoles because of chip issues.
Hitachi erased its earlier loss and closed 0.1% higher at 3,768 yen after a report said it will withdraw from a stalled British power project. Hitachi suspended the three trillion yen ($28 billion) project to build two nuclear power reactors on Anglesey Island off northwest Wales in January 2019, saying the project was not commercially viable.
CURRENCY: The dollar fetched 105.63 yen in Asian afternoon trade, against 105.73 yen in New York late Monday.
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