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Tokyo: Nikkei ends flat as investors take profits, Nintendo poked lower

Monday, July 25, 2016 - 14:30
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[TOKYO] Japan's Nikkei share average pared early gains and ended flat on Monday as investors took profits after a Wall Street-inspired rise.

Hopes that the Bank of Japan will unveil more stimulus later this week also provided support to equities early in the session.

The Nikkei stock index ended down 0.04 per cent at 16,620.29, moving away from seven-week intraday highs touched on Thursday last week. It had ended the morning session up 0.4 per cent.

Shares of Nintendo Co lost some of their recent lustre, tumbling by their daily trading limit after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings.

The broader Topix slipped 0.2 per cent to 1,325.36.

The JPX-Nikkei Index 400 eked out a 0.1 per cent gain to 11,921.16.

REUTERS