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Tokyo stocks close lower as yen rises following Trump's currency remarks

Xinhua, April 13, 2017 Adjust font size:

Tokyo stocks closed lower Thursday as the yen rose against the U.S. dollar following U.S. President Donald Trump voicing concerns about the dollar's strength.

The 225-issue Nikkei Stock Average dropped 125.77 points, or 0.68 percent, from Wednesday to close the day at 18,426.84.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 11.23 points, or 0.76 percent, to finish at 1,468.31.

Oil and coal product, iron and steel, and mining-linked stocks comprised those that retreated the most by the close of play, and declining issues outpaced advancing ones by 1,374 to 543 on the First Section.

The turnover on the penultimate trading day of the week totaled 2,259 billion yen (20.69 billion U.S. dollars). Endit