Publisher: Maaal International Media Company
License: 465734
Japan’s Nikkei index fell on Friday, giving up some of its weekly gains that had led the index to a record high, as traders took profits fueled by the Tokyo-Washington trade agreement.
The Nikkei fell 0.9% to close at 41,456.23, trimming its five-day advance to a 4.1% gain. The broader Topix index fell 0.9% after hitting an all-time high on Thursday.
The trade agreement, announced by US President Donald Trump late Tuesday, reduced retaliatory tariffs on Japanese goods and auto tariffs to 15% from the 25% Washington had previously threatened, according to Reuters.
Shares of industrial robot maker Yaskawa Electric Co. fell 6%, giving up three days of significant gains. Mitsubishi Motors shares fell 7.9% after the automaker reported an 84% drop in first-quarter operating profit.