Tokyo stocks end down Monday on rise of Yen

Tokyo stocks fell slightly Monday, with the Nikkei Stock Average sliding 2.28 points, or 0.03%, to end the day at 8,869.37. The release on Friday of weak US jobs data for August dragged the dollar down versus the yen. Concerns about the US economy also prompted investors to sell shares of exporters to lock in gains, according to the (Nikkei.com) website. US-based Intel Corp. on Friday downgraded its sales forecast for the quarter through September, weighing on chip-linked issues. Shares of machinery makers and other China-related stocks performed solidly, in response to a report that the Chinese government on Friday had approved a 1 trillion yuan (about 12.4 trillion yen) stimulus plan. The Nikkei average turned upward slightly as a result.