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Tokyo stocks drop as yen's rise hits exporters, oil price slump weighs

Xinhua, February 24, 2016 Adjust font size:

Tokyo stocks closed lower for a second day Wednesday as the yen's rise versus the U.S. dollar saw export-linked shares take a hit, with sentiment further dashed by a continued slump in prices for crude oil.

The 225-issue Nikkei Stock Average fell 136.26 points, or 0.85 percent, from Tuesday to end the day at 15,915.79.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 6.64 points, or 0.51 percent, lower at 1,284.53.

Notable decliners by the close of play comprised marine transportation, machinery and electric appliance-linked shares.

The day's turnover was 2,232.3 billion yen (19.93 billion U.S. dollars). Endit