benchmark nikkei: On Friday, the key market gauge plunged 232.22 points. ; The Topix, including all first-section issues, ended down 2.17 points, or 0.14 percent, at 1,595.19, after falling 17.46 points the previous trading day, according to The Japan Times. A wait-and-see mood prevailed in the market as a joint military exercise between the United States and South Korea began on Monday, brokers said. The benchmark Nikkei 225 average fell 77.28 points, or 0.40 percent, to close at 19,393.13, its lowest finish since May 1. Vigilant against a possible missile launch by North Korea in response to the drill, investors refrained from buying stocks actively, they said. The market will come under selling pressure temporarily if a missile is launched, but it would soon wipe out such losses, Horota said. It's not surprising if Pyongyang fires a missile during the drill as it previously did, said Tsuyoshi Horota, general manager for investment research and investor services at SMBC Nikko Securities Inc.
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