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.
Fourteen more people in Japan have been confirmed to have dengue fever, sending the total number of cases to 36 since the first domestic case was reported last week, the health ministry said Tuesday. (Jiji Press)
Tokyo metropolitan police have issued an arrest warrant for the former general manager of the Grand Hyatt Tokyo hotel located in Roppongi Hills, after he allegedly attempted to forcibly kiss a female guest. (Japan Today)
Indian Prime Minister Narendra Modi had an audience with Japanese Emperor Akihito at the Imperial Palace in Tokyo on Tuesday, as part of his five-day trip to Japan to strengthen bilateral ties amid the military rise of China. (Kyodo)
The Criminal Investigation Command of Japan's Maritime Self-Defense Force on Tuesday sent to prosecutors papers on an officer for alleged assault and property damage over the suicide of a crewman after the officer's suspected bullying. (Jiji Press)
Hokkaido Prefectural Police on Monday accused a restaurant in Chuo Ward of violating labor laws by attiring waitresses under the age of 18 in bikinis, reports the Hokkaido Shimbun (Sept. 2). (Tokyo Reporter)
The Tokyo District Public Prosecutors Office on Monday decided not to indict Torao Tokuda, former head of hospital group Tokushukai, over a high-profile election fraud case, because he is seriously ill. (The Japan News)