Nikkei slips as Fast Retailing drops on profit-taking; mining shares jump
Tuesday, 23 April 2019 09:53 WIB | MARKET UPDATE |Saham JepangIndeksTopixIndeksNikkei 225

Japan's Nikkei slipped on Tuesday as investors took profits on such recent gainers such as Fast Retailing and Yaskawa Electric, offsetting gains in oil shares which rallied after the U.S. abruptly moved to end all Iran sanctions waivers.

The Nikkei share average was down 0.3 percent at 22,159.78 points by mid-morning, after opening slightly higher. The broader Topix was flat at 1,619.10.

Index-heavyweight Fast Retailing dropped 3.1 percent after it hit a record high on Monday and Yaskawa Electric tumbled 4 percent after it rose to a level not seen since last June.

On the other hand, the mining sector and oil sector outperformed, rising 3.1 percent and 2 percent, respectively.

Source : Reuters

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