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Tokyo: Nikkei edges down, flat for the week; charts signal vulnerability


[TOKYO] Japanese stocks fell in thin trade on Friday as technical indicators suggested the market is overbought and vulnerable to a correction.

The Nikkei share average edged down 0.3 per cent to end the day at 19,883.94. The benchmark index was flat for the week, which saw subdued trading due to holiday closures in the United States and Japan.

The broader Topix slipped 0.5 per cent to 1,594.45, ending the week down by 0.5 per cent.

The JPX-Nikkei Index 400 shed 0.5 per cent to 14,378.61.