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Tokyo stocks close down on yen's strength, concerns for U.S. tax reforms

Xinhua, February 24, 2017 Adjust font size:

Tokyo stocks closed lower Friday as the yen's strength sent exporters lower while U.S. officials' concerns about the dollar's strength and tax reforms contributed to a dour market mood.

The 225-issue Nikkei Stock Average lost 87.92 points, or 0.45 percent, from Thursday to end the day at 19,283.54.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 6.11 points, or 0.39 percent, to close at 1,550.14.

Notable issues that retreated by the close of play comprised iron and steel, machinery and nonferrous metal-linked stocks and declining issues outnumbered advancing ones by 1,144 to 708 on the First Section.

Trading volume on the main section came to 2,112.83 million shares, rising from Thursday's volume of 1,961.06 million shares.

The day's turnover on the last trading day of the week came to 2,072 billion yen (18.36 billion U.S. dollars). Endit