The Nikkei stock index fell Wednesday, retreating from a two-week high hit the previous day, as a pause in the yen's depreciation prompted investors to lock in recent gains.
The 225-issue Nikkei Stock Average ended down 76.71 points, or 0.52 percent, from Tuesday at 14,766.53. The broader
Market sentiment darkened given disappointing readings of U.S. homebuilder confidence and the
Investors moved to cash in on recent gains after the Nikkei jumped 450 points the previous day, the biggest gain since August, or 3.1 percent, on the
The Nikkei saw a setback of about 165 points in the early morning before paring the losses in quiet trading. The key market yardstick was confined to a narrow range of about 125 points for the day.
"Given the lackluster U.S. macroeconomic data, it has become difficult to evaluate U.S. economic strength," said
"Traders do not appear to be selling aggressively," he added.
Declining issues outnumbered advancing ones by 1,141 to 529 on the First Section, while 111 closed unchanged.
Banking shares pulled back after rising sharply the previous day on the BOJ's decision to strengthen its special loan support funding program in a bid to encourage banks to promote lending to businesses with growth potential.
Exporting companies' shares were sluggish amid a halt in the yen's fall.
Bucking the market weakness, Canon drew buying after announcing it will buy back up to
OPT, an agency for online advertisements, surged
By sector, rubber, steel and brokerage issues drew notable selling while mining, oil and coal, and paper and pulp shares advanced.
Trading volume on the main section came to 2,277.40 million shares, down from Tuesday's 2,924.82 million shares.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- U.S. Consumer Sentiment Falls in Early March
- Vybz Kartel Convicted of Murder
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Quiznos Files for Chapter 11
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Koch Brothers Step up Anti-Obamacare Campaign
- U.S. to Relinquish Gov't Control Over Internet
- Is Malaysian Airlines Flight 370 in Andaman Sea?