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 U.S. dollar traded at a six-year high around the mid-108 yen level early Thursday in Tokyo amid growing speculation that interest rate hikes in the United States may come sooner than expected. (Kyodo)
Japan told a general meeting of the International Whaling Commission on Wednesday that it will continue research whaling under a new program based on an International Court of Justice ruling in March against its past hunting for scientific purposes in the Antarctic Ocean. (Jiji Press)
A 61-year-old truck driver has been arrested after he hit a group of elementary school children in Setagaya Ward, Tokyo, killing one 9-year-old girl and injuring two other children, aged 8 and 9. (Japan Today)
Following the bust of a shopping site selling shoes containing a miniature camera used to take illicit photographs, Kyoto Prefectural Police are now seeking the return of the merchandise from customers, it was revealed on Tuesday, reports the Mainichi Shimbun (Sept. 17). (Tokyo Reporter)
Japanese Emperor Akihito and Empress Michiko may visit Palau next year, the 70th anniversary of the end of World War II, to pay their respects to Japan's war dead, Chief Cabinet Secretary Yoshihide Suga said Tuesday. (Jiji Press)
A car was partially buried due to small mudslide and three people sustained injuries after a magnitude-5.6 quake hit a wide area of Kanto region in Japan around noon on Tuesday, according to local report. (shanghaidaily.com)
The government had lifted a vehicle ban on National Route 6 through the area where residency is restricted due to the crippled Fukushima No. 1 plant, the first time that stretch of highway has been open to automobiles since the nuclear crisis began in March 2011. (Japan Times)