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Tokyo stocks retreat in early trade on yen's rise, ex-dividend sales

Xinhua, March 29, 2016 Adjust font size:

Tokyo stocks opened lower Tuesday as the yen's appreciation versus the U.S. dollar saw export issues sink lower and broader selling dragged the market down ahead of shares becoming ex-dividend.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 109.79 points, or 0.64 percent, from Monday to 17,024.58.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 8.73 points, or 0.63 percent, to 1,373.12.

Notable early decliners comprised air transportation, banking and land transportation-linked stocks. Endit