Stocks dip due to stronger yen
Stocks inched down Monday in Tokyo due to the yen's advance
against the US dollar.
The Nikkei 225 Stock Average dipped 23.3 points, or 0.17 per cent, to 13,632.04.
The broader Topix index of all first-section issues was also down 9.87 points, or 0.74 per cent, at 1,331.89.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 102.55-60 yen, down from Friday's 5 pm quote of 103.08-11 yen. A stronger yen affects earnings of Japanese firms and makes Japanese products more expensive overseas.
The euro was quoted at 1.5464-69 dollars, almost unchanged from Friday's 5 pm quote of 1.5465-68 dollars, and at 158.68-73 yen, down from 159.44-48 yen, dpa reported.