Japan`s Nikkei falls as August rally spurs profit-taking
Friday, August 29, 2025       14:34 WIB

Aug 29, 2025, 13:58 GMT+7Refinitiv1 min read
Japan's Nikkei share average fell on Friday, as August's rally invited profit taking on the month's final trading day, while a stronger yen and some weak economic readings weighed.
Tech-heavy Nikkeidropped 0.26% to finish the day at 42,718.47, trimming its gains for the week to 0.2%.
The index, which hit a record high of 43,876.42 on August 19, ended the month with a more than 4% rise.
Meanwhile, the broader Topixsank 0.47% to 3,075.18, losing 0.83% for the week, but gaining 4.49% this month, when it also scaled an all-time peak.
Japanese stocks have gained in recent weeks on robust corporate earnings and the broader rally in global equities spurred by Wall Street's record run.
"This is an environment that is conducive to profit-taking in Japanese stocks," said Nomura strategist Maki Sawada, pointing to the strong gains for August.
The bullish outlook from strong corporate earnings "hasn't changed, and will continue to support the Nikkei" into September, she said.
Data on Friday showed factory output fell more than expected last month, while retail sales rose only slightly, falling short of forecasts.
Automakers were overall weaker as the yen's overnight gains against the dollar reduced the value of overseas revenues.
Toyotadropped 1.58% and Hondalost 1.29%.
Chip-sector shares mostly ended with small declines, recovering from more pronounced weakness in the morning session. Tokyo Electronclosed the day 0.41% lower.
Separately, Sonysank 1.45% and Nintendoslipped 0.89%.
Of the Nikkei's 225 components, 152 fell, 68 rose and five ended flat.

Sumber : Reuters