Japan: Stocks drops 1% on profit booking

Japan share market finished session lower on Thursday, 14 June 2018, as investors locked in profits following a three-day rally and overnight falls on Wall Street, with export-related stocks being notable loses amid yen appreciation against greenback. But expectations for more purchases of exchange-traded funds by the Bank of Japan supported the market's downside. The benchmark Nikkei 225 index lost 0.99% or 227.77 points to close at 22,738.61 while the broader Topix index was down 0.92% or 16.48 points at 1,783.89. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2176 to 1150 and 229 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 4.78% to 14.55.

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