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Tokyo stocks lose ground in morning on weak machinery orders, firm yen

Xinhua, June 9, 2016 Adjust font size:

Tokyo stocks lost ground Thursday morning as weaker-than-expected machinery orders data for April and a comparatively firm yen against the U.S dollar contributed to a downbeat market mood.

The 225-issue Nikkei Stock Average lost 153.08 points, or 0.91 percent, from Wednesday to 16,677.84.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 12.44 points, or 0.92 percent, to 1,338.53.

Notable decliners by the morning break comprised insurance, pulp and paper, and banking-linked issues. Endit