Nikkei falls 486.58 points after five-session rally

  • The Nikkei Stock Average fell for the first time in six trading sessions after a five-session advance.
  • The 225-issue benchmark closed at 65,877.62, down 486.58 points, or 0.73%, from the previous Friday.
  • Profit-taking followed a nearly 3,000-point rally, while softer Dow futures, volatile oil prices and elevated Treasury yields pressured sentiment.

Japan's Nikkei Stock Average fell for the first time in six trading sessions on Monday, September 28, closing 486.58 points, or 0.73%, lower at 65,877.62 on the Tokyo Stock Exchange. The benchmark ended at its intraday low after investors took profits following a nearly 3,000-point gain over five sessions. Softer U.S. Dow futures, volatile oil prices, elevated U.S. Treasury yields and mixed Asian markets also weighed on sentiment.

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