Tokyo stocks were nearly flat Friday morning, as continued optimism that the U.S. interest rate hike cycle has come to an end and a drop in oil futures overnight offset the locking in of gains by investors following recent solid highs.
The 225-issue Nikkei Stock Average fell 1.48 points, or 0.00 percent, from Thursday to 33,422.93. The broader Topix index was up 5.77 points, or 0.24 percent, at 2,374.39.
On the top-tier Prime Market, gainers were led by air transportation and precision instrument issues, while the top decliners were oil and coal product, and rubber product issues.
