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Nikkei snaps 3-day winning streak


Thursday, 10 January 2019 10:34 WIB

Nikkei 225Saham JepangIndeks acuan Nikkei 225Topix JepangJapan Topix


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Japan's Nikkei dropped on Thursday as gains in the yen prompted investors to take profits following a strong rally.

After rising 4.37 percent in the last three days, the Nikkei share average shed 1.4 percent to 20,141.92 at the trading break.

The Nikkei has rebounded from a low of 18,948.58 hit on Dec. 26, its lowest since April 2017, but its upside has been capped.

Minutes from the Fed's Dec.18-19 meeting revealed that several policymakers were in favour of the US central bank keeping rates steady this year.

On Wednesday, delegations from China and the United States ended three days of trade talks in Beijing in the first face-to-face negotiations since both sides agreed a 90-day truce in a trade war that has disrupted the flow of hundreds of billions of dollars of goods.

The broader Topix dropped 1.15 percent to 1,517.46.

Hit by profit-taking, 30 of Topix’s 33 subsectors were in the red.

Source: Reuters


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