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Tokyo stocks extend losing streak to 3rd day on yen's rise, Brexit fears

Xinhua, July 7, 2016 Adjust font size:

Tokyo stocks closed in negative territory for a third straight day on Thursday as the yen's rise against the U.S. dollar zapped investor sentiment with broader concerns about the economic implications of Britain's vote to leave the European Union further compounding a dour market mood.

The 225-issue Nikkei Stock Average lost 102.75 points, or 0.67 percent, from Wednesday to end the day at 15,276.24.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, ended 8.11 points, or 0.66 percent, lower at 1,226.09.

Notable issues that retreated by the close of play comprised real estate, construction and chemical-linked issues.

The day's turnover was 1,857.7 billion yen (18.39 billion U.S. dollars). Endit