Japan’s Nikkei surrenders gains to end lower after four-day rally

The Nikkei share average in Japan ended 0.05% lower at 33,485.49 as investors secured profits after the index surged significantly in a four-day winning streak. The broader Topic was almost entire flat for the day. Although the yen weakened to its lowest level this year, investors seemed unaffected. Advantest, Tokyo Electron and Screen Holdings experienced gains, while drug makers faced losses with Eisai’s 5.91% drop being the Nikkei’s worst performer and Daiichi Sankyo losing 3.98%. Brokerages was the best-performing sector, whereas drug stocks fell 1.8%. Foreign investors made a net purchase of Japanese stocks for the 11th continuous week.