Tokyo stocks slip despite strong dollar as profit-taking sets in
Wall Street Journal -- Jul 03
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.
Shortly after arriving in Tokyo Wednesday night, U.S. President Barack Obama enjoyed an informal dinner with Japanese Prime Minister Shinzo Abe at a top-rated sushi restaurant in the posh Ginza shopping district. (Jiji Press )
The education ministry conducted national academic achievement tests on Tuesday for all final-year students at primary and middle schools across the country. About 2.24 million students at about 30,000 schools took Japanese and mathematics exams. (The Japan News )
Police in Neyagawa, Osaka Prefecture, admitted Wednesday that they mistakenly arrested a woman in her 20s over her suspected involvement in a blackmail case which occurred in January of this year. (Japan Today )
Tokyo High Court ordered the state and a former Maritime Self-Defense Force officer on Wednesday to pay 73 million yen in compensation for the 2004 suicide of a junior crewman of an MSDF destroyer after bullying by the officer. (Jiji Press )
The Imperial Household Agency announced this week that it has received over 100,000 applications from individuals seeking to participate in the first ever public opening of parts of the Imperial Palace. (Japan Today )
A former judge from the Ministry of Justice is alleged to have installed a camera inside a women's toilet inside a ministry building in Kasumigaseki, people with knowledge of the matter announced on Monday, reports Sports Nippon (Apr. 22). (Tokyo Reporter )
Police in Fuso, Aichi Prefecture, said Sunday they have arrested an unemployed 38-year-old man for attempted murder after he broke into the home of his ex-girlfriend and stabbed her and her parents. (Japan Today )