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Japanese stocks mixed amid profit-taking, dollar up vs yen

Japanese stocks mixed amid profit-taking, dollar up vs yen

Japanese stocks were mixed Thursday morning amid proft-taking in steel and shipbuilding stocks. The dollar was higher against the yen.
The benchmark Nikkei 225 stock index slipped 19.81 points, or 0.12 percent, to 17,203.34 points on the Tokyo Stock Exchange at midday Thursday.
The broader Topix index, which includes all shares on the exchange's first section, inched up 0.61 points, or 0.04 percent, to 1,677.56 points.
Japanese stocks opened strong after another record close for the Dow Jones industrial average on Wall Street overnight. The Dow rose 102.94, or 0.83 percent, to 12,510.57.
But the Nikkei fell in morning trade on profit-taking in such sectors as steel and shipbuilding in the wake of the index's 10-percent rise over the past month. The index finished 0.31 percent higher at 17,223.15 points Wednesday _ its highest close since May 8.
However, traders expected selling pressure to ease as players were not aggressive in their trading on last full day of trading for this year.
In currencies, the U.S. dollar was trading at 118.86 yen on the Tokyo foreign exchange market at 11 a.m. (0200 GMT) Thursday, up from 118.74 yen late Wednesday in New York. The euro fell to US$1.3110, from US$1.3123.
The yield on the 10-year Japanese government bond was 1.6650 percent, up from Wednesday's finish of 1.6350 percent. Its price fell to 100.29, from 100.55.


Updated : 2021-04-19 13:09 GMT+08:00