Tokyo stocks close down on yen's rise, caution ahead of Trump's speech
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Tokyo - Xinhua
Tokyo stocks closed lower Monday with the benchmark Nikkei dropping to its lowest level in more than two weeks as a firm yen against the U.S. dollar dented sentiment, while jitters ahead of Donald Trump's State of the Union speech sent investors to the sidelines.
The 225-issue Nikkei Stock Average dropped 176.07 points, or 0.91 percent, from Friday to end the day at 19,107.47.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 16.14 points, or 1.04 percent, to close at 1,534.00.
The majority of industry categories on the main section retreated and closed in negative territory by the close of play Monday.
Financial issues led the declines, as Japanese government bond yields fell following a drop in U.S. Treasury yields late last week.
The turnover on the first trading day of the week was 2,139 billion yen (19.05 billion U.S. dollars).
source: Xinhua
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