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Japanese stocks lower in early trade, dollar rises vs yen

Japanese stocks lower in early trade, dollar rises vs yen

Japanese stocks fell Friday morning after briefly touching a 6 1/2 year high the day before. The dollar was higher against the yen.
The benchmark Nikkei 225 index fell 67.09 points, or 0.38 percent, to 17,391.21 points on the Tokyo Stock Exchange shortly after the open. The index shed 49.10 points, or 0.28 percent, to finish at 17,458.30 points Thursday after hitting 17,617.64 _ its highest since July 2000 _ during the session.
The broader Topix index, which includes all shares on the exchange's first section, shed 2.85 points, or 0.16 percent, to 1,726.55 points Friday. It fell 9.21 points, or 0.53 percent, the day before.
Stocks opened lower Friday after Wall Street suffered its biggest pullback in two months overnight. Dow Jones industrials logged a triple-digit decline as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
The Dow fell 119.21, or 0.94 percent, to 12,502.56. The Nasdaq composite index was down 32.04, or 1.30 percent, at 2,434.24. The pullback comes a day after the Nasdaq rose well over 1 percent and the Dow set record trading and closing highs. The Dow's decline erased nearly all the previous two-day rally of about 145 points.
In currencies, the dollar was trading at 121.56 yen at 8:50 p.m. Friday (2350 GMT Thursday), up from 121.11 yen late Thursday in New York. The euro rose to US$1.2943, from US$1.2928.


Updated : 2021-03-07 20:31 GMT+08:00