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Japanese market end lower on profit taking

12 Feb 2021 Evaluate

The only major Asian market trading today ‘Japanese stock exchange’ ended lower on Friday due to profit taking after recent rally on upbeat earnings from domestic firms with hopes of large US fiscal stimulus package. Many markets in the region, including Hong Kong, China, Indonesia, Malaysia, Singapore, South Korea and Taiwan were closed for holidays.

Nikkei 225 ended down by 42.86 points or 0.14% to 29,520.07.