Nikkei falls below 60000 level on profit taking
The Nikkei share average fell 1.06 percent on Thursday after briefly hitting a record high. Investors locked in profits despite a ceasefire extension in the Middle East.
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The Nikkei 225 share average in Japan experienced a sharp reversal on Thursday, retreating below the psychological 60,000-point threshold as investors moved to lock in profits. The index had briefly touched a record high of 60,013.98 during early trading, buoyed by optimism surrounding an extended ceasefire between the United States and Iran. However, the rally lost steam as market participants reassessed persistent geopolitical tensions and a decline in American stock futures.
