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29 November 2013

Tokyo stocks close down 0.41 percent

AFP, (29/11) -- Tokyo stocks closed down 0.41 Friday as profit-takers moved in after the Nikkei surged to a nearly six-year high the previous day.The benchmark index slipped 65.25 points to 15,661.87 after enjoying its best close since mid-December 2007.The Topix index of all first-section shares was down 0.19 percent, or 2.38 points, at 1,258.66.On forex markets, the dollar was at 102.30 yen, up from 102.24 yen on Thursday.'The dollar's upward creep will forestall some players from taking profits,' Tachibana Securities market analyst Kenichi Hirano told Dow Jones Newswires.In share trading, Panasonic slipped 2.08 percent to 1,175 yen after a 15 percent rally in the past week.Sony edged up 0.10 percent to 1,867 yen, Toyota slipped 0.15 percent to 6,380 yen, while Nissan declined 0.31 percent to 936 yen.Just before the market opened, the government released data showing inflation rising at its fastest pace since August 1998.However, investors largely ignored the figures, which were in line with expectations.European stock markets rose on Thursday but Wall Street was closed for the US Thanksgiving holiday.