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.
Firefighters battled an apparent engine fire Friday on a Korean Air jet on the tarmac at Haneda Airport in Tokyo. All the passengers and crew were evacuated unharmed, Japanese media reported. (Japan Today)
A Japanese man was arrested Wednesday in Thailand on suspicion of raping and sexually harassing a number boys aged between 13 and 15 in the country's northern province of Chiang Mai, investigators said. (Japan Times)
A panel of Tokyo's Metropolitan Police Department came up with a report on Wednesday calling for legal regulations on the so-called JK business, in which high school girls offer such services as massage and dating. (Jiji Press)