Japan stocks mixed on European rallies, profit-taking

Japanese shares were mixed Thursday following rebounds in European equities after the shock of last week’s British vote to leave the European Union. Some investors, however, sold stocks to lock in profits after recent gains.

The benchmark Nikkei 225 Stock Average gained 9.09 points, or 0.06 per cent, to close at 15,575.92 after rising as much as 1.38 per cent in the morning. The index rose 1.59 per cent Wednesday.

The broader Topix index was down 1.87 points, or 0.15 per cent, to end at 1,245.82 after gaining 1.88 per cent Wednesday.

Investors were also cautious ahead of Friday’s release of the Bank of Japan’s closely watched Tankan survey of business sentiment.

Last update: Thu, 30/06/2016 - 10:59
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