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Japanese stocks decline, tracking Wall Street, in thin "Golden Week" trading

Japanese stocks decline, tracking Wall Street, in thin "Golden Week" trading

Japanese stocks fell in thin trading Tuesday as traders took their cues from Wall Street where stocks sank overnight.
The benchmark Nikkei 225 index closed at 17,274.98 points on the Tokyo Stock Exchange Tuesday, down 125.43 points, or 0.72 percent, from Friday. Trading was thin due to "Golden Week." The market was closed Monday for a national holiday and will be closed again on Thursday and Friday.
Stocks were lower following a drop in New York shares as mixed economic reports clouding the outlook for the U.S. economy, Japan's biggest export market.
Traders in Tokyo took profits in recent gainers such as real estate company Mitsui Fudosan Co. and machinery maker Mitsubishi Heavy Industries, which reported earnings last week.
The broader Topix index, which includes all shares on the Tokyo exchange's first section, shed 7.75 points, or 0.46 percent, to 1,693.25 points Tuesday. On Friday, the Topix was down 2.41 points, or 0.14 percent.
In currency trading, the dollar was trading at 119.57 yen at 2:50 p.m. (0550GMT) Tuesday, up from 119.56 yen late Monday in New York. The euro rose slightly to US$1.3652 from US$1.3651.