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Japanese stocks fall after previous day's surge

Japanese stocks fall after previous day's surge

Japanese stocks fell Tuesday as investors took profits following hefty gains the day before.
The Nikkei 225 index fell 89.85 points, or 0.65 percent, to 13,824.72 on the Tokyo Stock Exchange. The index jumped more than 3 percent to a month-and-a-half high on buying of banks and insurers.
Investors also grew cautious ahead of U.S. economic data coming out next week, including the national report on manufacturing and employment data, traders said.
Toyota Motor Corp. fell 0.33 percent, Nippon Steel lost 2.21 percent, and major cell phone carrier NTT DoCoMo dropped 1.31 percent.
The Topix index of all the exchange's first section issues was down 8.07 points, or 0.60 percent, at 1,347.47. It gained 2.59 percent the day before.
In currencies, the dollar was trading at 107.92 yen midafternoon in Tokyo, down from 108.07 yen late Monday in New York. The euro fell to US$1.4813 from US$1.4825.


Updated : 2020-12-02 05:44 GMT+08:00