Japanese Stocks Decline, Paring Best Weekly Rally in Six Years

19 February 2016, 08:03
Francis Dogbe
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Japanese stocks fell, paring the best weekly advance in six years, after the yen strengthened against the dollar, denting the earnings outlook for exporters. The Topix index dropped 1.4 percent to 1,292.79 as of 9:22 a.m. in Tokyo. The measure is heading for a 8.1 percent gain since Feb. 12, when it closed at a 15-month low. The Nikkei 225 Stock Average lost 1.4 percent to 15,967.07 as the yen traded at 113.10 per dollar after jumping 0.8 percent Thursday. U.S. stocks fell following the strongest three-day rally in...
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