tax breaks: On Wednesday, the key market gauge rose 63.23 points, according to The Japan Times. The Topix index of all first-section issues closed down 14.99 points, or 0.97 percent, at 1,535.41, after gaining 8.09 points the previous day. The 225-issue Nikkei average fell 229.97 points, or 1.19 percent, to end at 19,134.70. Selling to lock in profits pushed down the Nikkei average as investor sentiment was dampened after Trump didn't elaborate on his economic steps, such as tax breaks and fiscal stimulus, at a news conference on Wednesday, his first since the Nov. 8 presidential race, brokers said. Market players accelerated selling to adjust their positions as Trump's news conference provided no surprise, brokers said. The yen's strengthening against the dollar, prompted by the closely watched event, also weighted down the Tokyo market, briefly pushing down the Nikkei average nearly 300 points.
(news.financializer.com). As
reported in the news.
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