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.
The revolutionary Solar Impulse 2 aircraft took off early Monday for a flight over the Pacific Ocean, a spokeswoman said, the most ambitious leg of its quest to circumnavigate the globe powered only by the sun. (Japan Today)
Tokyo Metropolitan Police last week confirmed that a body discovered buried in a cemetery in Kanagawa Prefecture is that of a 25-year-old woman who went missing two years ago. Police are now attempting to locate her son, reports the Sankei Shimbun (June 26). (Tokyo Reporter)
Japan's traditional kendama ball-and-cup toy has been reborn as a new sport and is attracting attention around the world. Professional players demonstrate their highly sophisticated techniques on Internet video sites, and a world championship event was held last year featuring the first monetary prizes to be awarded for kendama in Japan. (The Japan News)
Police in Sapporo said Friday they have arrested an 18-year-old youth on suspicion of killing his 51-year-old father. - See more at: http://www.japantoday.com/category/crime/view/18-year-old-youth-arrested-for-killing-father#sthash.HiHL4HwN.dpuf (Japan Today)