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Japan's Nikkei snaps five straight sessions of gains
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Japan's Nikkei snaps five straight sessions of gains
Aug 18, 2024 5:35 PM

TOKYO, Aug 19 (Reuters) - Japan's Nikkei share average

fell on Monday, as investors tried to book profits after the

index's five sessions of gains.

As of 0009 GMT, the Nikkei index was down 0.6% at

37,828.03. The broader Topix was down 0.6% at 2,662.65.

The Nikkei rose 8.7% last week, marking its biggest weekly

rise since April 2020, amid easing concerns about U.S. economy

and a pause in the yen's rapid gains.

Uniqlo-brand owner Fast Retailing ( FRCOF ) fell 0.64% to

drag the Nikkei the most. Chip-making equipment maker Tokyo

Electron ( TOELF ) slipped 0.28% and chip-testing equipment maker

Advances lost 0.57%.

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