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Tokyo stocks close down on yen's rise after poor U.S. jobs data, U.S. Fed speech eyed

Xinhua, June 6, 2016 Adjust font size:

Tokyo stocks closed lower Monday as the yen's advance against the U.S. dollar triggered by key U.S. employment data coming in well below analysts' expectations soured the market mood, as some investors hit the sidelines ahead of U.S. Federal Reserve chief Janet Yellen's speech later in the day.

The 225-issue Nikkei Stock Average dropped 62.20 points, or 0.37 percent, from Friday to end the day at 16,580.03.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 4.80 points, or 0.36 percent, to finish at 1,332.43.

Notable decliners at the close of play comprised securities, mining and insurance-linked issues and the day's turnover was 1,826.7 billion U.S. dollars (17.06 billion U.S. dollars). Endit