Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Japan stocks inch lower on profit-taking as holiday mood sets in

Published 12/24/2019, 09:49 AM
Updated 12/24/2019, 09:56 AM
Japan stocks inch lower on profit-taking as holiday mood sets in

By Stanley White
TOKYO, Dec 24 (Reuters) - Japanese shares edged lower on
Tuesday ahead of Christmas holidays, as some investors booked
profits to cash in on a recent rally sparked by a preliminary
U.S.-China trade deal.
The Nikkei index was down 0.04% at 23,812.55 as of 0122 GMT,
dragged down by telecoms and healthcare sectors.
The Nikkei has advanced 19% so far this year and many
investors have been closing out positions this month to book
gains on this rally.
Trading is expected to be subdued as many financial markets
will start closing from Tuesday for Christmas holidays.
Japanese shares started higher, taking their lead from a
record closing high on Wall Street on Monday after U.S.
President Donald Trump calmed nerves by saying Washington is on
track to sign a deal with Beijing to de-escalate a bruising
trade war.
However, gains in Japanese stocks quickly faded as the
year-end holiday mood started to set in.
There were 88 advancers in the Nikkei index against 125
decliners.
The largest percentage losers in the index were ink jet
printer maker Seiko Epson Corp 6724.T down 2.47%, followed by
life insurers T&D Holdings Inc 8795.T losing 1.89%, and
Dai-ichi Life Holdings Inc 8750.T down by 1.85%.
The largest percentage gainers in the index were Nippon
Sheet Glass Co Ltd 5202.T up 4.16%, followed by advertising
agency Dentsu Inc 4324.T gaining 1.59%, and electronic
components maker Taiyo Yuden Co Ltd 6976.T up 1.42%.
The broader Topix index .TOPX fell 0.09% to 1,727.90.
The volume of shares traded on the Tokyo Stock Exchange's
main board .TOPX was 0.31 billion, compared with an average of
1.2 billion shares in the past 30 days.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.