TOKYO, Jan. 17 (Xinhua) — Tokyo shares closed decrease on Friday as risk-averse promoting forward of incoming U.S. President Donald Trump’s inauguration and the yen’s appreciation towards the dollar weighed closely available on the market.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed 121.14 factors, or 0.31 p.c decrease, at 38,451.46.
Tracking Wall Street losses, the index briefly plunged greater than 500 factors within the morning. In the afternoon, losses narrowed because the index approached the 38,000-point threshold, which has been a assist degree since final autumn.
Bargain-hunting and short-covering by abroad traders betting on a rebound contributed to the narrowing of the decline.
The TOPIX index additionally fell, closing down 8.89 factors, or 0.33 p.c, at 2,679.42.
On the Tokyo Stock Exchange Prime Market, declining shares outnumbered advancing ones, with 890 losers, 688 gainers, and 65 unchanged.
Notable decliners included SoftBank Group, TDK, Fast Retailing, Nintendo and Toyota.