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The Financial Express

Nikkei breaks nine-week winning streak

| Updated: November 20, 2017 12:18:14


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File Photo (Reuters) File Photo (Reuters)

Japan’s Nikkei share average rose to a one-week high on Friday, but it has broken a nine-week winning streak.  

The Nikkei ended 0.2 per cent higher to 22,396.80, the highest closing since Nov. 10. However, it fell 1.3 per cent for the week, snapping a nine-week winning streak, reports Reuters.

Semiconductor equipment maker Tokyo Electron gained 1.0 per cent and semiconductor silicon wafer manufacturer Sumco Corp surged 4.9 per cent.

Consumer electronics products makers also staged a rally. Sony Corp gained 0.7 per cent and Panasonic Corp advanced 0.8 per cent.

On the other hand, utility stocks and paper shares slipped and were the worst performers on the board.

Chubu Electric Power dropped 1.1 per cent, Hokuriku Electric Power shed 1.4 per cent and Tokyo Gas declined 1.7 per cent.

Nippon Paper Industries dropped 1.4 per cent and Oji Holdings declined 1.2 per cent.

The broader Topix gained 0.1 per cent to 1,763.76.

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