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Tokyo shares close lower on rising yen amid low turnover

Xinhua, August 15, 2016 Adjust font size:

Tokyo shares closed slightly lower Monday with market sentiment dampened by the rising yen amid relatively low turnover as many investors were out for summer holidays.

The 225-issue Nikkei Stock Average ended down 50.36 points, or 0.30 percent, from Friday at 16,869.56.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 6.59 points, or 0.50 percent, lower at 1,316.63.

Decliners were led by pulp and paper, marine transportation and insurance issues.

The day's turnover was about 1,570.1 billion yen (around 15.50 billion U.S. dollars). Endit