: On Thursday, the key market gauge fell 146.26 points, according to The Japan Times. The Topix index of all first-section issues closed down 19.84 points, or 1.43 percent, at 1,368.97, after losing 17.46 points the previous day. The 225-issue Nikkei slumped 225.40 points, or 1.32 percent, to end at 16,819.59, its first finish below the 17,000 line since Jan. 26. The Tokyo market got off to a weaker start, dragged down by losses in export-oriented issues, such as automakers, due to the yen strengthening against the dollar. In the afternoon, stocks accelerated their downswing in line with the yen further rise, briefly pushing the Nikkei average down more than 400 points. Concerns over deteriorated earnings at such companies were fueled by the dollar fall below 117 yen, brokers said.
(news.financializer.com). As
reported in the news.
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