Nikkei loses grip on 20,000 as blue-chips slip
By Kiyoshi Takenaka
TOKYO, March 3 (Reuters) - Japan's key Nikkei average lost its grip on the key 20,000-point mark on Friday, as investors played safe and took profits in market heavyweights such as Sony Corp .
``Investors are inclined to cash in on gains before the end of this business year (on March 31), and they have been waiting for the best timing,'' said Masaru Yamano, an equities general manager at Taiheiyo Securities.
``The Nikkei's recent rise above 20,000 has given them their cue.''
The benchmark Nikkei average of 225 leading shares closed down 137.57 points or 0.69 percent at 19,927.54.
March Nikkei futures <0#JNI:> fell 120 points to 19,940.
The capital-weighted TOPIX index (^TOPX - news) of all shares listed on the first section of the Tokyo Stock Exchange (TSE) lost 31.99 points or 1.86 percent to 1,686.49.
The percentage loss in the TOPIX was larger than the Nikkei's fall due to major declines in shares such as Internet investor Softbank Corp and mobile phone giant NTT Docomo , neither of which are Nikkei components.
Sony fell 4.02 percent to 31,000, while Softbank tumbled 6.71 percent to 139,000 and NTT Docomo lost 5.44 percent to 4.17 million yen.
Sony shares had been climbing sharply over recent weeks ahead of the planned launch of the second generation of its blockbuster PlayStation game console on Saturday.
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JAFCO hat sicherlich auch ganz schön Federn gelassen in Japan ... Kein Grund zur Panik. Ich bleib´ in JAFCO voll investiert. Sollte wirklich jemand den Kurs niedrighalten, egal. Irgendwann läuft JAFCO wieder ... Ansonsten siehe Posting vor einigen Tagen: Nordasia.com hat groß eingekauft und ev. Kurs hochgetrieben; das muß erst verdaut werden, etc. ... |