Nikkei shares slip as investors take profits

Dhaka,  Sat,  03 December 2016
Published : 02 Dec 2016, 13:27:00

Nikkei shares slip as investors take profits

Nikkei shares slip as investors take profits
Japan's Nikkei share average was poised for a weekly gain but dipped as investors locked in gains ahead of US jobs data later in the session.

The Nikkei was down 0.5 per cent at the end of morning trade at 18,425.45, but up 0.2 per cent for the week, in which it probed 11-month highs.

The broader Topix as well as the JPX-Nikkei Index 400 were both down 0.2 per cent at 1,480.79 and 13,287.41 respectively.

The Tokyo Stock Exchange banking subindex gained 3.2 per cent, and the securities subindex was up 3.5 per cent.

Economists expect the nonfarm payrolls report to show that US employers added 175,000 jobs in November, compared to 161,000 in October.

Apple Inc's Japanese suppliers underperformed the broader market, after Apple reportedly began reducing orders for iPhone 7, according to DigiTimes.

Alps Electric fell 3.3 per cent, Taiyo Yuden shed 1.8 per cent, and Murata Manufacturing dropped 2.9 per cent, according to a news agency report.

-SRS-
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