The Nikkei closed down 1.16% to end a four-day winning streak, dragged down by profit-taking

(1) Japan’s Nikkei closed lower on Monday, ending a four-day winning streak and dragged down by profit-taking. (2) The Nikkei 225 closed down 1.16% at 40,414.12, with only 30 of its constituents rising and 192 declining. (3) The index topped 41,000 points for the first time on Friday and closed at a record high of 40,888.43 points. (4) The Topix stock price index fell 1.26% to 2,777.64 points on Monday. (5) Hiroshi Namioka, chief strategist at T&D Asset Management, said that today’s market action reflects a brief lull in the index after a sharp rally, and technical factors may weigh on the index this week. (6) Individual stocks generally fell, and many heavyweights in the Nikkei also fell. (7) Chip manufacturing equipment giant Tokyo Electron (Tokyo Weili Kechuang) fell 1.6%, Uniqlo’s parent company Fast Retailing (Fast Retailing) fell 0.6%, and human resources company Ruickli Group 6098. T fell 3.6%. (8) Although the yen hovered around 151.32 yen per dollar, the shares of Japanese companies with higher overseas revenue also declined. (9) Namioka said that the yen’s weakness may have peaked, which has dampened the recent rally in export-related stocks. “It’s hard to see the yen moving lower to 160 yen per dollar”