trade incentives: On Wednesday, the key market gauge rose 49.28 points, according to The Japan Times. The Topix index of all first-section issues closed down 3.10 points, or 0.19 percent, at 1,615.53, after gaining 8.93 points the previous day. The 225-issue average shed 87.57 points, or 0.44 percent, to end at 19,994.06, its first closing below the threshold since June 16. Getting off to a weak start amid a lack of major trade incentives, the market remained under selling pressure for the rest of the day. A pause in the yen's weakening against the dollar also discouraged investors from purchasing shares, they said. Major issues that had been robust recently, such as automakers and semiconductor-linked names, met with selling to lock in profits, contributing to the overall market's weakness, brokers said.
(news.financializer.com). As
reported in the news.
Tagged under trade incentives, market gauge topics.