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Japanese stocks down midday on North Korea concerns; dollar up vs yen

Japanese stocks down midday on North Korea concerns; dollar up vs yen

Japan's main stock index fell slightly Friday morning, caught between buying on Wall Street's record-high close and selling on renewed North Korea concerns.
The benchmark Nikkei 225 index dipped 34.77 points, or 0.21 percent, to 16,414.56 points on the Tokyo Stock Exchange at the end of morning trade.
Prices fluctuated in early trading as some investors bought issues following U.S. stock gains overnight while others took profits from Tokyo's gains Thursday before the long weekend, traders said.
Anxiety over North Korea's threatened nuclear test also prompted some players to sell shares, they said.
The Nikkei surged 2.28 percent Thursday following Wall Street's climb to another record.
Wall Street rose again Thursday on upbeat retail sales and jobless claims figures, sending the Dow Jones industrial average to its third straight record high close of 11,866.69, surpassing the record of 11,850.61 set Wednesday.
The broader Topix index, which includes all shares on the exchange's first section, was down 1.84 points, or 0.11 percent, at 1,631.36.
Japanese financial markets will be closed Monday for Sports Day, a national holiday.
In currencies, the dollar was trading at 117.97 yen on the Tokyo foreign exchange market at 11 a.m. (0200 GMT) Friday, up from 117.61 yen from late Thursday in New York. The euro rose to US$1.2684 from US$1.2690.
The yield on Japan's 10-year government bond rose to 1.7300 percent, from Thursday's finish at 1.7200 percent. Its price fell to 99.74 from 99.83.


Updated : 2021-07-30 21:27 GMT+08:00