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Japan's Nikkei index slightly lower in early trade; dollar up vs yen

Japan's Nikkei index slightly lower in early trade; dollar up vs yen

Japan's main stock index fell slightly early Friday, caught between buying on Wall Street's record-high close and profit-taking from Tokyo's jump the day before.
The dollar was up against the yen. The benchmark Nikkei 225 index dipped 4.62 points, or 0.03 percent, to 16,444.71 points on the Tokyo Stock Exchange shortly after the open.
Prices went in and out of negative and positive territories, as some investors bought issues following U.S. stock gains overnight while others took profits from Tokyo's gains Thursday before the long weekend, traders said.
The Nikkei surged 2.28 percent Thursday following Wall Street's climb to another record.
Wall Street rose again Thursday on upbeat retail sales and jobless claims figures, sending the Dow Jones industrial average to its third straight record high close of 11,866.69, surpassing the record of 11,850.61 set Wednesday.
The broader Topix index, which includes all shares on the exchange's first section, was up 0.08 point, negligible in percentage terms, at 1,633.28.
Japanese financial markets will be closed Monday for Sports Day, a national holiday.
In currencies, the dollar was trading at 117.80 yen on the Tokyo foreign exchange market at 9 a.m. (0000 GMT) Friday, up from 117.61 yen from late Thursday in New York. The euro rose to US$1.2694 from US$1.2690.
The yield on Japan's 10-year government bond rose to 1.7250 percent, from Thursday's finish at 1.7200 percent. Its price fell to 99.78 from 99.83.


Updated : 2021-04-15 09:15 GMT+08:00