Japan's Nikkei share
average dropped on Monday as profit-taking from domestic
investors mounted near key chart levels and as Asian shares
slipped on disappointment after China announced its lowest
annual growth target in eight years.
Selling from Japanese institutional investors could cap
gains in the Nikkei in coming weeks ahead of their book closing
on March 31, though the yen's decline last month is seen
providing support, market players said.
The benchmark Nikkei fell 0.8 percent to 9,698.59,
slipping from Friday's seven-month closing high of 9,777.03
while the broader Topix index shed 0.6 percent to
832.86.
(Reuters)
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