TOKYO, Feb. 7 (Xinhua) — Tokyo shares fell on Friday because the stronger yen towards the U.S. dollar weighed on export-related shares.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 38,787.02, down 279.51 factors, or 0.72 % from the day prior to this.
In the Tokyo overseas trade market, the yen rose to the higher 150 vary towards the dollar, its highest degree in two months, placing stress on exporters like Toyota.
Investors have been additionally cautious forward of the U.S. jobs report for January and the primary summit between Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump.
Market analysts warned that if Trump highlights considerations over a weak yen, additional yen appreciation might harm export-related shares.
The broader Tokyo Stock Price Index (TOPIX) additionally declined for the primary time in 4 days, closing down 14.97 factors, or 0.54 % at 2,737.23.
On the Tokyo Stock Exchange Prime Market, declining shares outnumbered gainers 827 to 751, whereas 62 shares remained unchanged.