TOKYO, Sept 9 (Reuters) - Japan's Nikkei index retreated
from a near six-month high to close lower on Thursday, in line
with global markets as worries flared about slowing economic
growth due to the fast-spreading Delta coronavirus variant.
The Nikkei share average closed down 0.57% at
30,008.19, snapping an eight-day winning streak the longest
The broader Topix fell 0.71% to 2,064.93, down from
a three-decade closing high of 2,079.61 on Wednesday.
"Following the extended winning streak, it's natural there
will be some selling, but there's a sense that the view that
stocks have further to rise, is providing a firm base," said a
market participant at a domestic securities firm.
An index of Asia-Pacific shares excluding Japan
fell 1.32% as the Tokyo Stock Exchange ended the
The Federal Reserve's Beige Book showed a "downshift" in the
U.S. economy last month due to the spread of COVID-19.
Meanwhile, Japan's government said it plans to extend
COVID-19 emergency restrictions in Tokyo and other regions.
SoftBank Group was the biggest drag on the Nikkei,
sliding 1.93%. The stock had surged on Wednesday after a $7
billion share-swap deal with Deutsche Telekom.
Uniqlo chain operator Fast Retailing was the
second-biggest drag, declining 0.65%.
Air transport was the worst performing subsector
on the Topix, dropping 1.74%.
Japan Airlines sank 1.62% after sources said it is
looking to raise 300 billion yen to ride out anticipated funding
Rival ANA Holdings slid 1.84%.
The electric and gas subsector, however, was the
outperformer, rising 3.2%.
Potential contender for Japan's prime ministership Taro
Kono, a well-known critic of nuclear energy, moderated his tone
somewhat, saying he would tolerate atomic power for the time
Tokyo Electric Power Company Holdings was the
biggest gainer on the Nikkei, rallying 11.03%, followed by a
5.36% gain for Kansai Electic Power Co.
(Reporting by Tokyo markets team; Editing by Ramakrishnan M.