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Tokyo stocks erase gains in morning as yens drop overshadowed by easing concerns

Xinhua, May 19, 2016 Adjust font size:

Tokyo stocks reversed earlier gains Thursday morning as initial cheer brought on by a soft yen bolstering exporter-linked shares was quickly erased by upbeat machinery order data quashing hopes for further easing measures by the government in the near term.

The 225-issue Nikkei Stock Average edged down 8.02 points, or 0.05 percent, from Wednesday to 16,636.67.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 2.33 points, or 0.17 percent, to 1,336.05.

Notable decliners by the morning break comprised mining, oil and coal as well as iron and steel-linked shares. Endit