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Tokyo stocks close lower on geopolitical concerns, firm yen

Xinhua, May 15, 2017 Adjust font size:

Tokyo stocks ended lower Monday as geopolitical concerns resurfacing in the region dented the market mood, while the yen strengthening against the U.S. dollar sent exporters lower.

The 225-issue Nikkei Stock Average lost 14.05 points, or 0.07 percent, from Friday to close the day at 19,869.85.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 0.71 point, or 0.04 percent, to close at 1,580.00.

Iron and steel, mining and machinery-linked stocks comprised those that retreated the most, and declining issues outpaced advancing ones by 1,057 to 854 on the First Section.

Trading volume on the main section on Monday totaled 2,155.77 million shares, dropping from Friday's volume of 2,248.62 million shares.

The turnover on the first trading day of the week came to 2,651.9 billion yen (23.34 billion U.S. dollars). Endit