Japanese shares dropped on Friday on profit-taking ahead of the weekend, with trading volume remaining low due to the Easter holidays abroad.
The benchmark Nikkei average slipped 0.1% to 19,326.78 by the midday break, despite overnight gains on Wall Street, as investors locked in some recent gains. The broader Topix fell 0.5% to 1,409.43, with all but four of the 33 sector sub-indexes on the exchange trading in negative territory.
Bucking the broader weakness in Japanese equities, Nikkei heavyweight Fast Retailing Co Ltd climbed 3.8% on earnings and forecast, helping to cap the benchmark’s loses.
Source : Reuters