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Japan shares slip from 30-year high on profit booking, pandemic-hit stocks rise

Message : Required fields TOKYO, Feb 17 (Reuters) - Japanese shares fell on Wednesday as investors booked profits after a recent rally drove them to a 30-year high, even as pandemic-beaten shares gained on expectations for an economic recovery from a coronavirus-driven slump. The Nikkei share average edged down 0.58% to 30,292.19 from Tuesday s high of 30,714.52, a peak since August 1990. The broader Topix slipped 0.18% to 1,961.49, a day after scaling its highest since June 1991. Investors are selling stocks for profit booking today. The market is taking a pause from a rising momentum, said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Shares that were beaten down amid the pandemic are being

japan shares: Japan shares slip from 30-year high on profit booking, pandemic-hit stocks rise

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