Nikkei falls to more than 1-week low as hedge funds take profits before quarter end

Reuters – Japan’s Nikkei share average gave up early gains and fell to its lowest level in more than a week on Friday, led by futures selling as hedge funds took profits from its recent rise.

The Nikkei benchmark fell 1.0 percent to 19,285.63 points, the lowest closing level since March 16. It had hit a fresh, 15-year high of 19,778.60 on Monday.

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