TOKYO, Nov. 28 (Xinhua) — Tokyo shares fell on Tuesday, as a stronger yen in opposition to the U.S. dollar prompted the promoting of some exporters.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 39.28 factors, or 0.12 %, from Monday at 33,408.39.
The broader Topix index, in the meantime, completed 5.05 factors, or 0.21 %, decrease at 2,376.71.
Stocks have been initially supported by bargain-hunting following a decline the day past, however the sentiment was dampened by an increase within the yen because the U.S. dollar briefly weakened to beneath the 148 yen line in Tokyo, which spurred a sell-off, analysts mentioned.
Exporters comparable to Mazda Motor dropped 38.5 yen, or 2.3 %, to 1,621.5 yen, whereas Panasonic Holdings slipped 10.0 yen, or 0.6 %, to 1,543.0 yen, as a stronger yen reduces their abroad income when repatriated.