The Nikkei Stock Average fell 1.8% to 69202.93 on possible profit-taking following three straight sessions of gains on the benchmark index. Domestic technology shares were also weighed by Wednesday's pullback in shares of chip makers on the Nasdaq Composite. The main theme has been a rotation out of semiconductor stocks, as investors took profits following the sector's exceptional 1H rally, Commerzbank Research analysts say in a research report. Among worst performers on the Nikkei, Ibiden dropped 5.9%, JX Advanced Metals fell 5.7%, and Disco Corp. shed 5.3%. The dollar is at 162.51 yen versus Y162.60 late Wednesday in New York. (ronnie.harui@wsj.com)
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Nikkei Falls 1.8% on Possible Profit-Taking — Market Talk
The Nikkei Stock Average fell 1.8% to 69202.93 on possible profit-taking following three straight sessions of gains on the benchmark index. Domestic technology shares were also weighed by Wednesday's pullback in shares of chip makers on the Nasdaq Composite. The main theme has been a rotation out o…