Japan stocks take breather after big rally on profit booking [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: Reuters
Japan stocks take breather after big rally on profit booking SYDNEY, April 28 (Reuters) - Japanese stocks ended steady on Tuesday as investors booked profits after sharp gains in the previous session, while a raft of better-than-expected earnings results and forecasts supported the major indexes. The benchmark Nikkei average slipped 0.1% to close at 19,771.19, a day after the index posted a hefty gain of 2.7% and ahead of the Showa Day holiday on Wednesday. The Nikkei volatility index, considered a fear gauge based on option pricing, dropped as much as 11.3% to a 1-1/2-month low of 30.9, reflecting a decline in market worries. Ibiden Co Ltd soared 15.1% after the electronic components maker forecast a 37.2% increase in operating profit for the current business year through March 2021. Renesas Electronics Corp jumped 7.7% after the maker of semiconductors for cars recorded a net profit of 11.3 billion yen ($105 million) for the January-March quarter - a positive surprise for many analy
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