: On Wednesday, the key market gauge climbed 58.61 points to mark the highest closing in about 18½ years, according to The Japan Times. The Topix index closed down 8.98 points, or 0.53 percent, at 1,670.91, after rising 3.49 points the previous day. The 225-issue Nikkei average lost 96.63 points, or 0.46 percent, to end at 20,771.40. Both indexes snapped their four-session winning streak. After the initial selling ran its course, stocks trimmed losses thanks to a buy on dips based on persistent hope for improvement in corporate earnings, brokers said. Selling hit large-cap issues that had attracted active purchases recently, such as automakers and mega-bank groups, in the wake of Wall Street fall overnight.
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