TOKYO Dec 15 Japan's Nikkei share average edged
down in choppy trade just before the lunchbreak on Thursday as
investors took profits from the seven-day rally after pricing in
the U.S. Federal Reserve's decision to raise rates for the first
time in a year.
The Nikkei dropped 0.2 percent to 19,225.24 at the
midday break after rising as high as 19,436.90 in morning trade.
The Nikkei early gains resulted from the dollar's surge
against the yen after the Fed raised rates for the first time in
a year and signalled further hikes could come at a faster pace
than the market had expected. Japan's major exporters benefit
from a weaker yen.
The Topix was flat at 1,538.99 by midday, after
turning positive on the year earlier. In early trade, the Topix
traded above 1,547.30, the closing price of the last trading day
The JPX-Nikkei Index 400 was also flat at
(Reporting by Ayai Tomisawa; Editing by Simon Cameron-Moore)