Nikkei Slips on Profit-Taking, JGC Tumbles on Poor Forecasts

Japan's Nikkei average fell on Wednesday, slipping from a 1-1/2-week high on profit-taking after big gains the previous day, while JGC Corp tumbled after forecasting dismal profit.

The benchmark Nikkei ended 0.1 per cent lower at 14,405.76.

Engineering company JGC plunged 13 per cent and contributed 17.55 hefty negative points to the Nikkei after saying it expects a net profit of 42 billion yen for the year ending March 2015, a 11 per cent drop on year.

The broader Topix added 0.4 per cent at 1,183.15 and the new JPX-Nikkei Index 400 advanced 0.4 per cent at 10,767.97.

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