Japan’s Nikkei Stock Average Ends Lower on Profit Booking, Stronger Yen (Update 1)

Reuters

12:21 JST, February 14, 2025 (updated at 16:40 JST, Feb. 14)

TOKYO (Reuters) – Japan’s Nikkei share average snapped a three-day rally to end lower on Friday as investors booked profits after sharp gains in the previous session, while a stronger yen hurt sentiment.

The Nikkei .N225 fell 0.79% to close at 39,149.43 but rose 1.74% for the week.

“Investors sold stocks to book profits and a stronger yen also hurt sentiment,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

The benchmark ended more than 1% higher on Thursday in its biggest daily percentage gain in three weeks.

The Japanese currency JPY=EBS edged up against the dollar on Friday, trading last up 0.21% at 152.5 yen.

“The Nikkei has been hovering between a range of 38,000 and 40,000. For the index to rise beyond that level, investors want to have the uncertainties of U.S. President Donald Trump’s tariff plan removed,” said Arisawa.

Uniqlo-brand owner Fast Retailing 9983.T slid 1.55% to drag the Nikkei the most. Chip-making equipment maker Tokyo Electron 8035.T lost 2.07%.

The broader Topix .TOPX erased marginal gains to end 0.23% lower at 2,759.21.

Sony Group 6758.T surged 8.65% to become the biggest support for the Topix, as the audio equipment maker reported strong results at its games and music divisions.

Toppan Holdings 7911.T soared 15.52% to become the top gainer on the Nikkei after the printing firm raised its annual net profit forecast.

Nissan 7201.T and Honda 7267.T advanced 2.55% and 2.48%, respectively, after the two automakers ended talks to forge a $60 billion car company.

Of more than 1,600 stocks trading on the Tokyo Stock Exchange’s prime market, 28% rose, 68% fell and 3% traded flat.