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.
Japan will impose additional sanctions on Russia for failing to defuse the crisis in Ukraine, where the recent downing of a Malaysia Airlines jet killed all 298 people aboard, the government said Monday. (Kyodo)
Grand champion Hakuho defeated his Mongolian compatriot, Harumafuji, on Sunday to win his 30th career title at the Nagoya Grand Sumo Tournament, edging closer to the all-time championship record in Japan's ancient sport.
Eleven people died, one person remains unconscious and two are missing after water-related accidents across Japan over the weekend, police and Fire and Disaster Management Agency officials said Monday. (Japan Today)
The results of a poll to pick the 16 singers who will perform on the next single by SNH48, the Shanghai-based sister group of the hugely popular all-female pop group AKB48, were released over the weekend at an event that drew more than 3,000 fans. (Japan Times)