Nikkei down 0.52% on profit taking after 31-year high

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Nikkei down 0.52% on profit taking after 31-year high

Tokyo, Sep 15 (EFE) .- The main index of the Tokyo Stock Exchange, the Nikkei, fell 0.52% this Wednesday due to the collection of profits after the two main indexes of the market closed the day before at their highest level in 31 years.

The Nikkei, which groups the 225 most representative titles in the market, fell 158.39 points, to 30,511.71 integers.

The Topix, which includes the firms in the first section, those with the highest capitalization, lost 1.06% or 22.48 points, to stand at 2,096.39 units.

The Tokyo stock market opened lower after investors chose to fix profits after three days of rise and a streak that placed it at its best level in three decades, due to expectations of stimuli with the renewal of the Japanese government and relief from restrictions as covid-19 vaccination progresses.

The fall was sharper in the first leg of the session, in which the setback on Wall Street the day before also weighed, but cut losses in the second half and the Japanese stock market is expected to remain buoyant due to the effect of the primaries of the ruling party, which will take place on September 29.

All sectors reaped losses, except for maritime transport. Real estate and insurance companies made the biggest setbacks of the day.

The Softbank group brought together the highest volume of operations of the day and registered the biggest drop among the Nikkei firms, of 5.78%.

It was followed by transactions by the manufacturer of components for semiconductors Lasertec, which rose 2.84%, and the transport company Nippon Yusen Kaisha (NYK Line), which posted one of the largest advances of the day, of 3.91%.

Its competitor Kawasaki Kisen Kaisha (K Line), fourth in operations, experienced the largest increase, 7.77%.

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