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Tokyo stocks close lower as yen's rise spurs profit taking

Xinhua, August 10, 2016 Adjust font size:

Tokyo stocks closed lower Wednesday as the yen's advance against the U.S. dollar saw investors opt to lock in profits, but losses were capped on speculation the central bank here may have expanded purchases of exchange-traded funds (ETFs).

The 225-issue Nikkei Stock Average edged down 29.85 points, or 0.18 percent, from Tuesday to close the day at 16,735.12.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 2.66 points, or 0.20 percent, to finish at 1,314.83.

Notable issues that retreated by the close of play comprised rubber products, securities and insurance-linked stocks and the day's turnover was 2,090.6 billion yen (20.62 billion U.S. dollars). Endit