Japanese shares close sharply lower, slip from 3-wk high
Tokyo Nikkei 225 down 1.63% at 38,202 points (Il Sole 24 Ore Radiocor) - Tokyo, 08 May - Japanese shares closed sharply lower, leading the losses amid weak Asian markets and slipping from three-week highs as investors took profits after yesterday's rally.
Volatility in the yen also kept investors on edge. The currency fell after rising last week on the back of suspected intervention from Japanese authorities.
In Tokyo stock market dealings technology shares dipped after sharp gains in the previous session as they tracked their US peers lower.
The Nikkei index closed down 1.63% at 38,202 points after soaring 1.57% in the previous session in catch-up trade after a long weekend.
The benchmark index slid nearly 5% in April, the worst performer in the region, as investors took profits after gains in the previous months and as uncertainty over the Bank of Japan's policies weighed on sentiment.
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(RADIOCOR) 08-05-24 08:52:38 (0188) 5 NNNN