(Updates with closing prices)
TOKYO, Dec 13 (Reuters) - Japan's Nikkei share average
ended lower on Friday, as investors locked in profits following
a four-session climb after U.S. economic data raised bets of an
interest rate cut by the Federal Reserve next week.
The Nikkei fell 0.95% to 39,470.44, but gained 1.94%
for the week. On Thursday, gains propelled the benchmark index
to a two-month high.
The broader Topix fell 0.95% to 2,746.56 but rose
1.68% for the week.
"The overnight weak finish of overseas markets dragged
sentiment lower, prompting investors to sell stocks for
profit-booking," said Takehiko Masuzawa, trading head at Phillip
Securities Japan.
"The market wanted to adjust their positions ahead of the
weekend."
The Nikkei crossed the key 40,000 level for the first time
since Oct. 15 on Thursday.
Wall Street pulled back overnight, as investors evaluated
key economic indicators ahead of the Fed meeting next week.
A U.S. Labor Department report on Thursday showed producer
prices rose 0.4% on a monthly basis in November, compared with
estimates of a 0.2% climb, as per economists polled by Reuters.
Uniqlo brand owner Fast Retailing ( FRCOF ) lost 2.26% to
drag the Nikkei the most.
Chip-making equipment maker Tokyo Electron ( TOELF ) shed
3.11%, tracking U.S. chipmakers' 0.91% drop. Silicon
wafer maker Shin-Etsu Chemical ( SHECF ) lost 2.86%.
Oji Holdings ( OJIPF ) surged 11.23% to become the top
percentage gainer on the Nikkei after the packaging maker
announced share buyback.
The healthcare equipment maker Omron ( OMRNF ) fell 5.63%
to become the biggest percentage loser in the Nikkei. Heavy
machinery maker IHI lost 5.18%.
All but three of the Tokyo Stock Exchange's (TSE) 33
industry sub-indexes declined.
The pulp and paper makers index climbed 3.75% and
the shippers added 1.43%.
Of the 1,644 stocks in the TSE's prime market, 32% advanced,
64% fell, while 3% traded flat.