TOKYO, Dec 20 (Reuters) - Japan's Nikkei share average dipped on Friday as investors took profits, especially in shares of large-cap companies, and awaited more clarity on a U.S.-China trade deal.
Investors were taking profits ahead of the year-end holiday period after Japanese shares hit a 14-month high earlier this week on a boost from the tentative trade deal being finalised between Washington and Beijing. with a generally optimistic mood in the market underpinning many small cap shares, the number of advancers and decliners were almost even, with 22 making gains against every 23 decliners on the main board.
Carmakers were hit by the dollar's retreat overnight from near six-month high levels against the yen JPY= . Suzuki Motor Corp 7269.T dropped 1.6% and Toyota Motor Corp 7203.T shed 1.2% and Mazda Motor Corp 7261.T fell 1.0%.
Toshiba and Hoya have been competing for the ownership of Nuflare, which is currently owned 52.4% by Toshiba. dropped 0.4% while Hoya was down 0.2%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.