Economic news

Review: Nikkei slumps on profit-taking at the end of the week

Japanese stocks dived on Friday as investors locked in profits ahead of the weekend, after reaching a 14-month high the previous day on growing expectations of US interest rate hike in March.

The Nikkei fell by 0.5% to 19.469.17 points, after rising to 19.668.01 on Thursday, the highest intraday level since December 2015.

The Nikkei inched up 1.0 percent this week.


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