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Tokyo's key Nikkei index closes lower

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Japan's household spending dipped 10.2 percent in September on-year, according to the internal affairs ministry data released before the opening bell.
Japan's household spending dipped 10.2 percent in September on-year, according to the internal affairs ministry data released before the opening bell.
Photography by ZhangXun

Tokyo's key Nikkei 225 index closed lower Friday on profit-taking after four days of rallies.

The benchmark Nikkei 225 index slipped 0.14%, or 42.86 points, to 29 520.07, while the broader Topix index ended up 0.16%, or 3.06 points, at 1 933.88.

"The Nikkei saw weak trade with sentiment dominated by a wait-and-see attitude ahead of the weekend," said senior strategist Yoshihiro Ito of Okasan Online Securities.

The dollar fetched 104.83 yen, against 104.74 yen in New York late Thursday.

Toyota climbed 3.48% to 8,413 yen after it announced plans to sell electric vehicles in the US market, seen as a key step in its shift towards EVs.

Its rivals were lower, with Honda dropping 3.55% to 3 019 yen and Nissan dipping 3.87% to 627.7 yen.

Oil developer Inpex ended up 1.26% at 723 yen after it announced a better-than-expected full-year operating profit forecast.

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