Section Issues: Points and Market

section issues: On Friday, the benchmark index lost 179.08 points. ; The Topix index of all first section issues ended 11.12 points, or 0.60%, lower at 1,845.49, following a 16.67-point decline the previous trading day, according to The Japan Times. The Tokyo market succumbed to strong selling pressure from the outset, in response to drops in all three major U.S. stock gauges Friday, with the Nikkei giving up more than 400 points at one point in early trading. The 225-issue Nikkei average of the Tokyo Stock Exchange shed 276.97 points, or 0.97%, to close at 28,242.21. The market, however, managed to cut some of its losses later in the morning, thanks to buying on dips and anticipation for the Bank of Japan's purchases of exchange-traded funds, brokers said. The market went through a much-needed speed correction, after the Nikkei gained around 1,600 points in its recent rising streak of five sessions through Thursday last week, an official at a securities firm said. Both the Nikkei and Topix indexes continued to fluctuate in negative territory in the afternoon amid persistent profit-taking following the Tokyo market's recent bull run and a dearth of fresh buying incentives. ( As reported in the news.

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