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.

Oct 23
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Oct 22
A total of 74 people are believed to have died from January to September this year due to their use of so-called dangerous drugs, according to the National Police Agency. (The Japan News)
Oct 22
Health minister Yasuhisa Shiozaki said Tuesday his ministry has strengthened anti-Ebola measures by obliging travelers arriving from Guinea, Liberia and Sierra Leone to report on their health conditions, even if they have had no contact with people infected with the deadly disease. (Kyodo)
Oct 22
The operator of the Fukushima Daiichi nuclear power plant is to begin dismantling the cover of a reactor building to remove debris as preparation for taking out nuclear fuel from a spent fuel storage pool. (NHK)
Oct 22
The Japanese government said Tuesday it will settle a damages lawsuit with former workers at factories using asbestos in Osaka Prefecture, western Japan, that was sent back by the Supreme Court after their defeat at a lower court. (Jiji Press)
Oct 22
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Oct 22
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Oct 22
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Oct 22
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Oct 22
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Oct 21
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Oct 21
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Oct 20
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Oct 20
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Oct 20
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