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Tokyo stocks lose ground in morning as yen's strength dents exporters

Xinhua, September 23, 2016 Adjust font size:

Tokyo stocks lost ground Friday morning as the yen's rise against the U.S. dollar after the U.S. Federal Reserve opted to stand pat on its interest rates pressured exporter issues, while the latest policy chances by the Bank of Japan have failed to impress markets.

The 225-issue Nikkei Stock Average edged down 20.73 points, or 0.12 percent, from Wednesday to 16,786.89.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 3.48 points, or 0.26 percent, to 1,349.19.

Notable decliners by the morning break comprised securities, transportation equipment and financial stock-linked issues.

Tokyo markets were closed for a national holiday on Thursday. Enditem