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Nikkei 225 Edges Up 0.2% in Thin Trading

MT Newswires ·  {{timeTz}}

04:52 AM EST, 12/22/2021 (MT Newswires) -- The Nikkei 225 edged up 0.2% on Wednesday, waffling in a narrow range as traders awaited new market catalysts or retreated to the sidelines in front of the holidays.

The benchmark Nikkei 225 rose 44.62 to 28,562.21, as gaining issues outnumbered losers 117 to 101.

Leading the upside were Shinsei Bank (SKLKF, 8303:Tokyo), up 5.9% after its holding company said taking the bank private was an option. Also gaining were conglomerate Sony (SONY, 6758:Tokyo), up 2.8%, and then the former Yahoo Japan, Z Holdings (YAHOY, 4689:Tokyo), up 2.7%.

On the downside were spice-and-sauce maker Ajinomoto (AJUNY, 2802:Tokyo), off 2.1%, and then retailer Aeon (AONNY, 8267:Tokyo), off 1.8%.

In economic news, Bank of Japan policy board members said inflationary pressures remained weak and that monetary easing should be maintained as the central bank's 2% inflation target is still far off, according to a release of late October meeting minutes.

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