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.
Japan's job availability rose in December to its best level in 22 years while the unemployment rate improved to 3.4 percent, suggesting that companies are willing to hire more workers as corporate profits recover, the government said Friday. (Kyodo)
A Nagoya University student who says she killed an elderly woman found dead in the 19-year-old's apartment has also admitted poisoning a former high school classmate, investigative sources said Thursday. (Japan Times)
Police in Saitama Prefecture said Thursday they have arrested 11 people who, as part of an organized scam group, call up individuals claiming that they had missed a payment for using a website that is actually free to use. (Japan Today)
Paul McCartney, who had to cancel all his concerts in Japan last year due to an illness, announced on his blog Thursday that he will return to Japan for four concerts in April as part of his "Out There" world tour. (Japan Today)
Police have arrested a 19-year-old girl on suspicion of killing a 77-year-old woman. The girl, who is a student at Nagoya University, was quoted by police as saying she wanted to kill someone and that anyone would do, NTV reported Wednesday. (Japan Today)
Last week, officers from the Yotsuya Police Station in Tokyo took Takahiro Arimoto, the 44-year-old manager of massage parlor Honey Candle and one other employee into custody for the harmful employment of minors, a violation under the Labor Standards Act. (Tokyo Reporter)
Workers have begun tearing down structures at a train station here that was devastated in the deadly tsunami of 2011, citing the danger of collapse they pose to the growing number of visitors to the site. (Asahi)