Tokyo stocks slip despite strong dollar as profit-taking sets in
Tokyo stocks fell Wednesday, succumbing to profit-taking after four days of sharp gains and weak China economic data, all of which provided an inauspicious backdrop to Suntory Beverage & Food's otherwise successful mammoth IPO listing.

The Nikkei Stock Average shed 43.18 points, or 0.3%, to 14,055.56 following the prior session's 1.8% rise. The index had surged 9.9% over the previous four days.

The Topix index of all the Tokyo Stock Exchange First Section issues added 1.97 points, or 0.2%, to 1,173.81, with 20 of 33 subindexes ending in positive territory.

Traders also cited weaker non-manufacturing June China PMI data published mid-morning as a sell catalyst, which helped to offset the dollar's rise above the Y100 mark for the first time since June 5.

As of the close of TSE trading at 0600 GMT, the greenback was seen at around Y100.72.

Participation levels remained somewhat subdued, totaling just 2.8 billion shares worth Y2.31 trillion.

Much of the value of the market was driven by trading in just two stocks, however: Tokyo Electric Power, and Suntory Beverage & Food.

May 29
Following is a statement by U.S. President Barack Obama during his visit to Hiroshima, western Japan, on Friday: (Jiji Press)
May 27
Atomic bomb survivors hailed U.S. President Barack Obama's remarks in Hiroshima on Friday, saying he expressed his unchanged intention to create a world without nuclear weapons. (Jiji Press)
May 27
US President Barack Obama has spoken with atomic bomb survivors during his visit to the Hiroshima Peace Memorial Park. (NHK)
May 27
Firefighters battled an apparent engine fire Friday on a Korean Air jet on the tarmac at Haneda Airport in Tokyo. All the passengers and crew were evacuated unharmed, Japanese media reported. (Japan Today)
May 27
A 19-year-old woman this week became the youngest Japanese to scale the world's highest peak, a mountaineering official confirmed Thursday. (Japan Times)
May 27
Saitama Prefectural Police have arrested two organized crime members for operating a grow house for marijuana in Soka City, reports TV Asahi. (Tokyo Reporter)
May 26
Hanako, Japan's oldest elephant who made headlines for spending most of her life alone in a concrete enclosure, died at 69 in Tokyo on Tuesday, NHK (May 26) reported. (Tokyo Reporter)
May 26
A utility knife sitting on the floor near an intoxicated man's bag caused quite a stir in a Tokyo subway station, NHK reported on Thursday (May 26). (Tokyo Reporter)
May 26
A Japanese man was arrested Wednesday in Thailand on suspicion of raping and sexually harassing a number boys aged between 13 and 15 in the country's northern province of Chiang Mai, investigators said. (Japan Times)
May 26
The Yokohama District Court on Wednesday handed an American male an 18-month prison sentence in the death of a woman in Miura City last July, reports NHK. (Tokyo Reporter)
May 25
A panel of Tokyo's Metropolitan Police Department came up with a report on Wednesday calling for legal regulations on the so-called JK business, in which high school girls offer such services as massage and dating. (Jiji Press)
May 25
A 46-year-old man was arrested Wednesday after taking a woman hostage and barricading an apartment in the western Japan prefecture of Ehime for over 16 hours, police said. (Japan Today)
May 25
A 1-year-old boy fell to his death from the 6th floor of his family apartment in Kyoto's Tsurumai city in an apparent accident, police said Tuesday. (Japan Today)
May 25
You know something has become a cultural phenomenon when it gets its own slang! (rocketnews24.com)
May 25
Osaka Prefectural Police have accused a chain of members-only restaurants of illegally serving the innards of a poisonous blowfish to customers, reports NHK. (Tokyo Reporter)