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Tokyo stocks drop from the bell as yen's rise hurts exporters, broader market

Xinhua, February 1, 2017 Adjust font size:

Tokyo stocks opened lower from the bell on Wednesday as the yen's rise against the U.S. dollar impacted exporter-related issues, which tend to drag down the broad market.

As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average lost 104.29 points, or 0.55 percent, from Tuesday to 18,937.05.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 12.38 points, or 0.81 percent, to 1,509.29.

Notable decliners in early trade comprised bank, transportation equipment and insurance-linked stocks. Endit