News Column

Nikkei edges lower in morning on profit-taking

May 13, 2014

The Nikkei stock index edged lower Wednesday morning on profit-taking following the previous day's sharp gains but its fall was limited as sentiment was supported by buoyant U.S. and European shares overnight.

The 225-issue Nikkei Stock Average shed 49.72 points, or 0.34 percent, from Tuesday to 14,375.72. Meanwhile, the broader Topix index of all First Section issues on the Tokyo Stock Exchange went up 0.24 point, or 0.02 percent, to 1,178.59.

Major decliners included mining, banking and utility shares while real estate, paper and pulp, and shipping shares gained.

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Source: Japan Economic Newswire

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