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Tokyo stocks close lower as geopolitical concerns send yen higher, exporters lower

Xinhua, April 12, 2017 Adjust font size:

Tokyo stocks closed lower Wednesday with the benchmark Nikkei stock index falling to a four-month low as geopolitical concerns sent the yen higher versus the U.S. dollar and weighed on exporters particularly as well as the broader market.

The 225-issue Nikkei Stock Average dropped 195.26 points, or 1.04 percent, from Tuesday to end the day at 18,552.61, marking its lowest close since Dec. 7.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 15.56 points, or 1.04 percent, to finish at 1,479.54.

Issues that most notably lost ground by the close of play comprised oil and coal product, transportation equipment and nonferrous metal-linked stocks, and declining issues outnumbered advancing ones by 1,722 to 221 on the First Section.

Wednesday's trading volume on the main section came to 1,924.07 million shares, rising from Tuesday's volume of 1,691.17 million.

The turnover on the third trading day of the week totaled 2,213 billion yen (20.19 billion U.S. dollars). Endit