Japanese Market Drifts Lower

(RTTNews) - The Japanese stock market is edging lower on Friday after a positive start, following the mixed cues overnight from Wall Street and as investors remained cautious due to the stalled U.S. stimulus talks.

The benchmark Nikkei 225 Index is down 12.85 points or 0.06 percent to 23,236.76, after touching a high of 23,388.79 earlier. The Japanese market hit a six-month on Thursday.

Market heavyweight SoftBank Group is losing more than 2 percent and Fast Retailing is edging down 0.1 percent.

In the tech space, Tokyo Electron is declining almost 1 percent and Advantest is down 0.2 percent. In the financial sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are losing more than 1 percent each.

Among automakers, Toyota is lower by more than 1 percent and Honda Motor is losing almost 1 percent.
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