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 04
Visiting Japanese Foreign Minister Fumio Kishida said Tuesday his country will fully support Myanmar's democratization and economic development. (Jiji Press)
May 04
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May 03
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May 03
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May 03
Japan's chief justice has apologized for the practice of trying people suffering from leprosy, or Hansen's disease, in isolated facilities over a period of about 25 years. (NHK)
May 03
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May 03
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May 02
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May 01
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May 01
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May 01
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May 01
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Apr 30
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Apr 29
Police in Chiba City have charged a 29-year-old man over the murder of a 41-year-old woman who was found dead in her apartment on April 4. (Japan Today)
Apr 28
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