TOKYO, Feb 14 (Reuters) - Japan's Nikkei share average
fell on Friday as investors booked profits after sharp gains in
the previous session, while stocks with robust outlook capped
losses.
The Nikkei fell 0.44% to 39,287.3 by the midday
break, but was set to rise 1.7% for the week.
"Investors sold stocks to book profits and a stronger yen
also hurt sentiment," said Shoichi Arisawa, general manager of
the investment research department at IwaiCosmo Securities.
The benchmark ended more than 1% higher on Thursday in its
biggest daily percentage gain in three weeks.
"The Nikkei has been hovering between a range of 38,000 and
40,000. In order for the index to rise beyond that level,
investors want to have the uncertainties of U.S. President
Donald Trump's tariff plan removed," said Arisawa.
Uniqlo-brand owner Fast Retailing ( FRCOF ) slid 1.27% to
drag the Nikkei the most. Chip-making equipment maker Tokyo
Electron ( TOELF ) lost 2.21%.
The broader Topix inched up 0.04% to 2,766.67,
supported by a 10% surge in Sony Group ( SONY ), which reported
strong results at its games and music divisions.
Toppan Holdings ( TONPF ) soared 14.74% to become the biggest
percentage gainer on the Nikkei after the printing firm raised
its annual net profit forecast.
Nissan ( NSANF ) and Honda ( HMC ) advanced 5.85% and 3.77%,
respectively, after the two automakers ended talks to forge a
$60 billion car company.
Of more than 1,600 stocks trading on the Tokyo Stock
Exchange's prime market, 33% rose, 62% fell and 3% traded flat.