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Japan Nikkei extends losses to third straight session

Capital Market 

Japan share market closed down for the third straight session on Friday, 19 February 2021, as profit booking continued on following a negative lead on Wall Street overnight. Worries about domestic inflation also weighed on the market.

At closing bell, the 225-issue Nikkei Stock Average dropped 218.17 points, or 0.72%, to 30,017.92.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange declined 12.96 points, or 0.67%, to 1,928.95. for the week, the Nikkei rose 1.7% while Topix dropped 0.25%.

Fast Retailing, which has the highest weight in the Nikkei, fell 2.4%, as investors took profits following its almost 10% rise this week.

Online brokerage Monex tumbled 10.4% after having more doubled since the start of month by Thursday.

Some travel-related shares also slipped after gains earlier this week following the start of the country's COVID-19 vaccination programme. ANA Holdings fell 3.9%, while Japan Airlines fell 3.7%. Central Japan Railway lost 3.7%.

ECONOMIC NEWS: Japan's core consumer prices declined 0.6% in January as compared with a year earlier, according to data released Friday by the country's Statistics Bureau.

CURRENCY NEWS: The Japanese yen traded at 105.63 per dollar, stronger than levels above 106 against the greenback seen earlier this week.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, February 19 2021. 16:37 IST
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