The Nikkei 225 ended its eight-day winning streak on Tuesday, as investors took profits on tech stocks.

The Nikkei was also pushed down by a moderate drop in the shares of carmakers, as investors responded to renewed concern about the strength of the US holiday shopping season. In common with tech stocks, carmakers are sensitive to sentiment about the US economy.

The tech-heavy Nikkei finished trading down 0.4 per cent at 14,927.70. But the Topix rose 0.1 per cent to 1,544.57 – benefiting from a slight rise in banking stocks.

Many other domestic shares also rose as investors repositioned from export-heavy stocks – although securities houses and insurers, which are exposed to the vagaries of the stock market, declined.

Advantest, the measuring instruments maker, was down 2.2 per cent at Y11,240. Hitachi, the electronics conglomerate, fell 1.7 per cent to Y828. Fujitsu, Japan’s biggest computer maker, slipped 1 per cent to Y888. Sony, the electronics and entertainment conglomerate, fell 1.8 per cent to Y4,450. The electrical machinery sector as a whole was down 0.6 per cent.

Banks rose 0.3 per cent. Mitsubishi UFJ, the world’s biggest bank by assets, was up 1.3 per cent to Y1,550,000.

Carmakers fell back on worries about the US, which is a big market for them. Nissan slipped 0.5 per cent to Y1,246.

Securities companies were down 1.7 per cent. Nomura Holdings, Japan’s biggest securities house, fell 1.7 per cent to Y2,025. Daiwa Securities, its biggest rival, declined 3 per cent to Y1,178. Nikko Cordial, Japan’s third biggest securities house, was down 2 per cent at Y1,636.

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