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 Supreme Court overturned on Thursday an earlier lower court ruling by lay judges in Japan that sentenced parents accused of abusing and killing their daughter in 2010 to a harsher punishment than demanded by prosecutors. (Kyodo)
Japan's Emperor Akihito and Empress Michiko on Wednesday visited a temporary shopping center, opened after the March 2011 disaster, in the town of Minamisanriku in Miyagi Prefecture, northeastern Japan. (Jiji Press)
A group of residents from a village near the crippled Fukushima Daiichi nuclear power plant is planning to file for state arbitration so all villagers can be entitled to equal damages regardless of radiation levels of their areas. (NHK)
Inventor and performance artist Showta Mori has been getting a taste of internet fame recently for his videos featuring his quick-draw, arm-mounted iPhone sleeve gun, but that's far from his only creation or even his weirdest creation. (rocketnews24.com)