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Tokyo stocks close lower as yen's rise against U.S. dollar weighs on exporters

Xinhua, February 17, 2017 Adjust font size:

Tokyo stocks closed lower on Friday as the yen's firmness against the U.S. dollar weighed down exporter-linked issues, but overall losses were capped on investors taking profits on issues whose companies had posted decent earnings recently.

The 225-issue Nikkei Stock Average lost 112.91 points, or 0.58 percent, from Thursday to end the day at 19,234.62.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 6.53 points, or 0.42 percent, to finish at 1,544.54.

Issues that comprised the day's most notable decliners included transportation equipment, securities, and oil and coal product-linked issues.

Declining issues outpaced advancing ones by 963 to 887 on the First Section and trading volume totaled 2,029.29 million shares, dropping from Thursday's volume of 2,027.94 million shares.

The day's turnover on the last trading day of the week was 2,012 billion yen (17.75 billion U.S. dollars). Endit