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Tokyo stocks lose ground in morning on U.S. shares' retreat, yen's firmness

Xinhua, April 6, 2017 Adjust font size:

Tokyo stocks lost ground Thursday morning with the benchmark Nikkei index slumping to a four-month intraday low as a weak lead from Wall Street overnight, coupled with a comparatively firm yen against the U.S. dollar, dented market sentiment.

The 225-issue Nikkei Stock Average dropped 263.76 points, or 1.40 percent, from Wednesday to 18,597.51, marking its lowest intraday level since Dec. 8.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 22.13 points, or 1.47 percent, to 1,482.53.

Notable issues that retreated into negative territory by the morning break comprised securities, iron and steel, and precision instrument-linked stocks. Endit