By Reuters Staff
2 Min Read
TOKYO, Dec 30 (Reuters) - Japan’s Nikkei share average retreated from a more than three-decade high in early trade on Wednesday as investors locked in some profits after a rally, but the market stayed on course for a second year of gains.
The benchmark Nikkei share average fell 0.57% to 27,412.24 on the last trading day of the year, after closing at its highest level since Aug. 16, 1990 in the previous session.
The broader Topix slipped 0.67% to 1,806.92, pulling back from its highest level since October 2018 reached on Tuesday.
On the year, the Nikkei was up 15.8% compared to an 18.2% gain in 2019, while the Topix was nearly 5% higher after climbing more than 15.2% in the previous year.
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By Reuters Staff
3 Min Read
TOKYO, Dec 30 (Reuters) - Japan’s Nikkei share average ended lower on the last trading day of the year, retreating from a more than three-decade high hit in the previous session as investors booked profits, but it logged gains for a second straight year.
The benchmark Nikkei share average fell 0.45% to 27,444.17 on Wednesday, after closing at its highest level since Aug. 16, 1990 in the previous session.
The broader Topix slipped 0.8% to 1,804.68, pulling back from its highest level since October 2018 reached on Tuesday.
On the year, the Nikkei was up 16% compared to an 18.2% gain in 2019. It rose nearly 18.4% in the quarter, marking the biggest quarterly gain since the three months ended March 2013.
Stocks closed modestly lower on Wall Street Tuesday as investors turned cautious a day after major indexes closed at their latest record highs. The S&P 500 slipped 0.2%, the benchmark index’s first decline in four days. Investors shifted money away from technology companies, which have been among of the biggest winners since the pandemic began. […]
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