TOKYO, Nov 17 (Reuters) - Japanese shares were flat on Tuesday as investors booked profits following the recent surge in the benchmark index, even as news of another promising coronavirus vaccine re-ignited hopes of a swift global recovery.
The Nikkei share average, which has gained 12.6% so far this month, was nearly flat at 25,913.41 by the midday break. It briefly touched its highest since May 1991 in early trade, tracking overnight gains on Wall Street.
The benchmark index on Monday closed at a 29-year high after the economy posted its first expansion in four quarters.
The S&P 500 and Dow Jones industrial average notched record closing highs on Monday after Moderna Inc said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-stage data.
The broader Topix eased 0.26% to 1,727.39. Nearly half of the 33 sector sub-indexes on the Tokyo exchange traded higher.
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