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rdf:type	schema:NewsArticle
schema:articleBody	Tokyo stocks closed lower Tuesday as investors reaped profits on rebounds while waiting for earnings from major companies later in the week. The key Nikkei 225 index dropped 0.26 percent, or 58.47 points, to end at 22,657.38, extending its losing streak to the third trading day. The broader Topix lost 0.48 percent, or 7.57 points, to 1,569.12. After opening flat, share prices staged a rebound largely on rises in technology issues, only to be met with profit-taking. "Profit-taking became dominant in the afternoon session as investors grew cautious" after seeing the Nikkei lose steam above 22,800, Okasan Online Securities chief strategist Yoshihiro Ito said in a note. The yen's rise took a breather, with the dollar trading at 105.55 yen against 105.38 yen in New York Monday afternoon. The main highlights of the week will likely be the US Fed forward guidance on Wednesday, along with a raft of earnings releases, including Amazon, Apple and other tech heavyweights, said Stephen Innes, global market strategist at AxiCorp. "How much appetite traders have to add on risk is probably limited. "But this is not a typical market with so much health and economic headline risk so best to keep on your toes," he said in a commentary. Nissan Motor lost 4.33 percent to 410.8 yen ahead of its announcement of April-June earnings. Mitsubishi Motors plunged 12.63 percent to 235 yen after forecasting a larger-than-expected loss for the current business year. Fujifilm Holdings climbed 3.09 percent to 4,925 yen on news that the US government is providing funds to a US subsidiary for a new coronavirus vaccine. Daiichi Sankyo shot up 10.28 percent to 9,557 yen after the drugmaker announced a global collaboration with AstraZeneca for development and commercialisation of an experimental cancer drug. SoftBank Group rose 2.24 percent to 6,645 yen. mis/sah/fox
schema:headline	Tokyo stocks close lower on investor caution
schema:mentions	Management information system Nissan Fox Prime Video Apple Inc. United States dollar AstraZeneca Cancer New York City Vaccine Severe acute respiratory syndrome coronavirus 2 Daiichi Sankyo Fujifilm Forecasting Yoshihiro Ito (racing driver) Mitsubishi SoftBank Group Japanese yen Nikkei 225 Tokyo Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	52 (xsd:integer)

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