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.

Jul 28
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)
Jul 28
A 15-year-old Japanese schoolgirl is being held in police custody after she admitted murdering her classmate and dismembering her body. (sky.com)
Jul 28
Police in Iida, Nagano Prefecture, on Monday arrested a 71-year-old man on suspicion of slashing four family members at their home. (Japan Today)
Jul 28
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Jul 28
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Jul 28
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Jul 28
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Jul 28
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Jul 27
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Jul 27
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Jul 26
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Jul 26
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Jul 25
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Jul 25
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Jul 25
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