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Stocks

Market Scramble: Mini-'whale' surfaces as Trump rally fades

Japan Post Insurance providing downside support for domestic shares

Japan Post Insurance is sometimes called a blue whale because of its logo color.

TOKYO -- The slowing momentum of the market rally that followed Donald Trump's win in the U.S. presidential election is shedding light on a major Japanese investor supporting the stock market here.

On Tuesday, the Nikkei Stock Average fell sharply in the morning but pared declines in the afternoon to end down just 0.35% on the day, at 18,910. Market participants are increasingly wary of the yen reverting to its earlier strength. The currency, which had weakened to more than 118 yen per dollar in the Trump market rally, had strengthened to the 111 level as of Tuesday.

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