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Roundup: Tokyo stocks close lower on profit-taking, tech issues weigh

Roundup: Tokyo stocks close lower on profit-taking, tech issues weigh
singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.

Japanese shares slip on market outlook caution, Fast Retailing shines

Japan's benchmark Nikkei share average inched lower on Thursday as investors tuned cautions about the sustainability of a recent rally above the 30,000 level, though sharp gains in Uniqlo operator Fast Retailing limited the decline.

Roundup: Tokyo stocks close lower on profit-taking, tech issues weigh

Roundup: Tokyo stocks close lower on profit-taking, tech issues weigh
newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.

Japanese shares hit fresh 30-year high on robust corporate earnings

By Reuters Staff 3 Min Read TOKYO, Feb 8 (Reuters) - Japanese shares rose sharply on Monday, with both Nikkei and Topix hitting 30-year highs, as strong corporate earnings lifted investor confidence for an economic recovery from pandemic lows. The Nikkei share average jumped 2.09% to 29,380.12 by 0210 GMT, the highest level since August 1990, while the broader Topix rose 1.75% to 1,923.96, the highest since June 1991. “With the vaccine rollouts and the fall in the number of daily COVID-19 infections, expectations for normalization of the economy is rising,” said Soichiro Matsumoto, chief investment officer Japan at Credit Suisse Private Banking. “Better-than-expected corporate performance in this environment is also lifting sentiment. Many U.S. firms have reported upbeat results and Japanese companies, particularly those sensitive to overseas demand, are following suit.”

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