TOKYO: Japan’s Nikkei share average closed lower on Monday on profit-taking following last week’s central bank decisions, snapping a four-day winning streak.
The Nikkei closed 1.16% lower at 40,414.12, with only 30 of the index’s 225 constituents advancing against 192 decliners.
The index crossed the 41,000 level for the first time ever on Friday and had notched a record closing high of 40,888.43.
The broader Topix was down 1.26% at 2,777.64 on Monday.
The day’s market moves reflect a momentary lull after rising as much as it has and technical factors are likely to weigh on the index this week, said Hiroshi Namioka, chief strategist at T&D Asset Management.
Losses were widespread, with many of the Nikkei’s heavyweight constituents declining.
Chipmaking equipment giant Tokyo Electron fell 1.6%, Uniqlo parent firm Fast Retailing lost 0.6% and staffing agency Recruit Holdings was down 3.6%.
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