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Tokyo stocks open lower as yen's rise hurts exporters

TOKYO
2017-03-13 08:39

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Tokyo stocks retreated from the opening bell on Monday as the yen's advance against the U.S. dollar dampened the market mood and sent exporter issues lower.

As of 9:15 a.m., the 225-issue Nikkei Stock Average shed 22.33 points, or 0.11 percent, from Friday to 19,582.28.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, edged 0.90 points, or 0.06 percent lower, to 1,573.11.

Oil and coal product, iron and steel, and mining issues comprised early decliners.

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