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Wednesday, February 6, 2013
Nikkei Falls 1st Time In 6 Days On Profit-Taking 05 February 2013
Tokyo stocks ended lower Tuesday afternoon, with the Nikkei Stock Average sliding 213.43 points, or 1.9%, to end the day at 11,046.92.
Global investors generally sought to avert risk amid political uncertainty in southern Europe, prompting European and U.S. markets to close lower overnight.
Overseas investors dumped Japanese stocks, which have been steadily rising recently, to lock in gains. Selling of stock index futures also prompted the benchmark Nikkei average to decline further in the afternoon.
Bargain hunters were making purchases amid lingering expectations that stocks will rise. As a result, trading was mixed, though not heavy.
The trading value on the first section of the Tokyo Stock Exchange totaled about 2.54 trillion yen on a preliminary basis, the highest level since March 17, 2011.
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