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Nikkei 225 Down 1% As Tech Issues Sag

MT Newswires ·  {{timeTz}}

04:52 AM EST, 12/10/2021 (MT Newswires) -- The Nikkei 225 opened evenly on Friday but declined through the afternoon, finishing down 1% as traders joined the global balk at tech issues and drew back to the sidelines ahead of the slated after-market US consumer price index release in Washington.

The benchmark Nikkei 225 declined 287.70 to 28,437.77, as losing issues outnumbered gainers 168 to 52.

Leading the upside on a down day were printing house TOPPAN (TONPF, 7911:Tokyo), up 5.4% and then NH Foods (NIPMY, 2282:Tokyo), up 2.4%. Conglomerate Hitachi (HTHIY, 6501:Tokyo), also rose 2.2% on a corporate restructuring outlook.

On the downside were Shinsei Bank (SKLKF, 8303:Tokyo), off 5.8% and staffing agency Recruit (RCRRF, 6098:Tokyo), off 5.5%.

The Nikkei 225 is up 3.6% year-to-date.

In economic news, wholesale prices in Japan rose 9% in November from a year earlier, the steepest gain on record, the Bank of Japan reported. Prices of petroleum and coal products inclined 49.3% in the 12-month period.

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