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Tokyo stock market's main index slips 0.1 percent in quiet trading

Tokyo stock market's main index slips 0.1 percent in quiet trading

Japanese stocks edged lower Tuesday in a quiet trading session, as unease about foreign markets and a stronger yen kept many players on the sidelines.
The Nikkei 225 Stock Average fell 13.90 points, or 0.1 percent, on the Tokyo Stock Exchange to 16,287.49. The index rose 0.32 percent Friday.
Traders said the trend of little change in low volume will likely continue this week.
Trading volume on the Tokyo Stock Exchange's first section was just 1.33 billion shares, its lowest since Jan. 4.
Automakers fell after many announced drops in July domestic output because of temporary production stoppages last month due to earthquake damage at a key auto parts supplier. A stronger yen may also have hurt auto companies that rely on exports. A stronger yen makes their cars less competitive overseas and reduces their foreign exchange earnings.
Nissan Motor Co. dropped 1.69 percent to 1,107 yen (US$9.54), while Toyota Motor Corp. ended 0.60 percent lower at 6,660 yen (US$57.41).
Consumer finance firms were among the biggest losers of the day, continuing their recent run of declines. Acom Co. fell 2.4 percent to 3,640 yen (US$31.38).
The broader Topix index, which includes all shares on the exchange's first section, slipped 3.16 points, or 0.20 percent, to 1,584.60. The Topix rose 0.12 percent the previous day.
In currency dealings, the U.S. dollar was trading at 115.56 yen midafternoon, down from 116.13 yen late Monday in New York. The euro fell to US$1.3626 from US$1.3653.