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Japanese shares end lower on profit-booking, drugmakers limit losses


By Reuters Staff
2 Min Read
TOKYO, May 31 (Reuters) - Japanese shares closed lower on Monday, as investors locked in gains after a recent rally, although the losses were limited by a positive finish from local drugmakers.
The Nikkei share average ended 0.99% lower at 28,860.08, while the broader Topix fell 1.26% to 1,922.98.
The Nikkei had jumped 2.1% on Friday to close at the 29,000-level for the first time since May 10, while Wall Street finished with marginal gains.
“There aren’t any reasons to buy Japanese stocks at the moment except that the vaccine rollouts are proceeding well. That is helping cap the declines in the session,” said Yutaka Miura, senior technical analyst at Mizuho Securities. ....

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Japan shares end mixed as growth stocks drag ahead of U.S. jobs data


By Reuters Staff
2 Min Read
TOKYO, June 4 (Reuters) - Japanese shares ended on a mixed note on Friday, weighed down by growth shares, as investors awaited a key U.S. payroll report that could intensify worries over inflation and taper talks from the Federal Reserve.
The Nikkei average ended 0.40% lower at 28,941.52 after two days of gains, while the broader Topix managed to close 0.03% higher at 1,959.19, its fourth straight day of gains.
Growth shares fell by 0.34%, while value shares added 0.37%, as investors sold tech shares and stay-at-home winners ahead of monthly U.S. non-farm payrolls data due later on Friday. A strong reading could raise bets over possible tapering of stimulus measures by the Fed and sap risk appetite. ....

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