Section Issues: Points and Wall Street

section issues: Despite Wall Street's three-day rally until Friday on the back of expectations for a fresh coronavirus relief package, investors in the morning opted to lock in gains from a bull run on the Tokyo market last week, brokers said, according to The Japan Times. The market turned lethargic in the afternoon due chiefly to the absence of fresh trading incentives, they added. The 225-issue Nikkei average of the Tokyo Stock Exchange fell 61 points, or 0.26%, to close at 23,558.69, after the benchmark index gave up 27.38 points Friday. ; The Topix index of all TSE first section issues closed down 4.03 points, or 0.24%, at 1,643.35, following an 8.09-point drop the previous trading day. Chihiro Ota, general manager for investment research and investor services at SMBC Nikko Securities Inc., pointed out that trading was led by individual investors disregarding the bullish U.S. market conditions while many foreign investors, leading players in the Tokyo market, were sitting on the fence. Another brokerage official noted that a wait-and-see mood was enhanced ahead of earnings announcements by major U.S. firms and others later in the week. Japanese individual investors were acting on their own, he added. ( As reported in the news.

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