TOKYO, July 16 (Reuters) - Japanese shares slipped on Thursday as investors booked profit after sharp gains in the previous session, and worries over rising coronavirus cases dampened hopes for a swift economic recovery.
The benchmark Nikkei shares average .N225 fell 0.49% to 22,831.96 by the midday break, retreating from a five-week high hit in the previous session.
Investor sentiment took a hit as Tokyo raised its coronavirus alert to the highest level on Wednesday and infections continued to rise in other parts of Japan, such as Osaka prefecture, which registered its highest number of daily cases since mid-April. robust China data showing the world's second-largest economy rebounded more than expected in April-June from a record contraction did little to lift market sentiment. .IPHAM.T , precision machinery .IPRCS.T and info and telecom .ICOMS.T were the three worst performers on the main bourse.
The broader Topix .TOPX fell 0.27% to 1,585.27, with almost a third of the 33 sector sub-indexes on the Tokyo exchange trading lower.
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