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Stock impact report

Nikkei slips from 1-month high, value shares not in favour [Reuters]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Reuters
Nikkei slips from 1-month high, value shares not in favour TOKYO, April 15 (Reuters) - Japan’s benchmark Nikkei index ended lower on Wednesday, after touching a month-high in the previous session, due to a selloff in value stocks that took a hit from worries over a looming recession. Investors still favoured defensive shares such as healthcare, while many cyclical shares with relatively weak growth prospects, such as banks, shippers and steelmakers, underperformed. The Nikkei share average fell 0.45% to 19,550.09 on profit-taking after a 3.13% gain on Tuesday. With the Nikkei now paring back about 40% of its downturn in the first quarter on the coronavirus, its 50% retracement level of around 20,250 is seen as a next possible target though some investors are ready to lock in profits now. The broader Topix ended almost flat at 1,434.07, up 0.04 points, though decliners outnumbered gainers by a ratio of 74 to 26. “Some selected shares such as life science, semiconductor-related and clou Show less Read more
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