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Japanese stocks mixed on North Korea concerns; dollar up vs yen

Japanese stocks mixed on North Korea concerns; dollar up vs yen

Japan's main stock index ended mixed Friday, caught between buying on Wall Street's record-high close and selling on renewed North Korea concerns.
The benchmark Nikkei 225 index dipped 13.27 points, or 0.08 percent, to finish at 16,436.06 on the Tokyo Stock Exchange.
The broader Topix index, which includes all shares on the exchange's first section, was up 1.01 points, or 0.06 percent, at 1,634.21.
Hitachi Ltd. fell 0.43 percent to 691 yen (US$5.86) after the consumer electronics maker announced earlier Friday it planned to recall about 16,000 laptop battery packs made by Sony Corp.
Hitachi's move is the latest in a massive global recall of the batteries, which can overheat and catch fire. Last week, Toshiba Corp. and Fujitsu Ltd. said they would recall Sony-made lithium-ion batteries following earlier recall plans by Lenovo Group and other computer makers.
Toshiba shares dropped 2.21 percent to 707 yen (US$5.99), while Sony Corp. posted a 1.10 percent gain to 4,490 yen (US$38.05). Fujitsu gained 0.40 percent to 1,012 yen (US$8.58).
Banking stocks moved higher, while makers of game machines fell. Mizuho Financial Group Inc. added 1.88 percent to 939,000 yen (US$7,957.63), while Sega Sammy Holdings Inc. sank 2.21 percent to 3,540 yen (US$30).
Prices fluctuated in early trading 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.
Anxiety over North Korea's threatened nuclear test also prompted some players to sell shares, they 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.
Japanese financial markets will be closed Monday, Oct. 9, for Sports Day, a national holiday.
In currencies, the dollar was trading at 118.00 yen on the Tokyo foreign exchange market at 3 p.m. (0600 GMT) Friday, up from 117.61 yen from late Thursday in New York. The euro fell to US$1.2682 from US$1.2690.
The yield on Japan's 10-year government bond fell to 1.7100 percent, from Thursday's finish at 1.7200 percent. Its price rose to 99.91 from 99.83.


Updated : 2020-12-05 09:42 GMT+08:00