Tokyo (Archyde.com)
Japanese stocks gave up their gains and closed flat yesterday with the decline in stocks that led the rally recently, while investors awaited a seminar by the Federal Reserve (US Central Bank) next week.
The Japanese Nikkei index closed down 0.4 percent at 28,930.33 points. It had opened with an increase of 0.53 percent to exceed the barrier of 29 thousand points. The index lost 0.96 percent yesterday, but gained 1.07 percent for the week.
The broader Topix index closed up 0.2 percent.
Among the 225 component stocks of the Nikkei index, 145 closed at a high, 73 fell, and seven remained unchanged.
Shares of Fast Retailing, which operates clothing stores including Uniqlo, fell 1.25 percent, which had the biggest impact on the index.
The stock of Trend Micro Electronic Security Company suffered the largest loss, dropping three percent.
Daiichi Sankyo Pharmaceutical Co. fell 2.62 percent. Nippon Glass Co. fell 2.69 percent, following rising 5.28 percent the day before.
