Nikkei falls: Japan’s Nikkei stock average fell on Monday as investors moved to lock in profits after five straight sessions of gains.
At 0009 GMT, the Nikkei index was down 0.6 percent at 37,828.03 points, while the broader Topix index was also down 0.6 percent at 2,662.65 points.
Last week, the Nikkei rose 8.7 percent, marking its biggest weekly gain since April 2020, boosted by easing concerns about the U.S. economy and a pause in the yen’s rapid appreciation.
Among the biggest detractors on the index were Uniqlo brand owner Fast Retailing, which fell 0.64 percent, along with chipmaking equipment maker Tokyo Electron, which fell 0.28 percent, and chip testing equipment maker Advantest, which lost 0.57 percent.
(With contributions from Reuters)
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