Japan`s Nikkei ends lower on profit booking, stronger yen
Friday, February 14, 2025       14:32 WIB

February 14, 2025 at 02:09 am EST
(Reuters) - Japan's Nikkei share average snapped a three-day rally to end lower on Friday as investors booked profits after sharp gains in the previous session, while a stronger yen hurt sentiment.
The Nikkei fell 0.79% to close at 39,149.43 but rose 1.74% 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 Japanese currency edged up against the dollar on Friday, trading last up 0.21% at 152.5 yen.
"The Nikkei has been hovering between a range of 38,000 and 40,000. 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 slid 1.55% to drag the Nikkei the most. Chip-making equipment maker Tokyo Electron lost 2.07%.
The broader Topix erased marginal gains to end 0.23% lower at 2,759.21.
Sony Group surged 8.65% to become the biggest support for the Topix, as the audio equipment maker reported strong results at its games and music divisions.
Toppan Holdings soared 15.52% to become the top gainer on the Nikkei after the printing firm raised its annual net profit forecast.
Nissan and Honda advanced 2.55% and 2.48%, 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, 28% rose, 68% fell and 3% traded flat.
 (Reporting by Junko Fujita; Editing by Sumana Nandy and Rashmi Aich) 

Sumber : Reuters