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Tokyo stocks end morning lower on sluggish earnings reports

Business Materials 2 February 2009 07:52 (UTC +04:00)

Tokyo stocks ended Monday morning trading lower as Japanese companies reported gloomy earnings results and downward revisions of full-year earnings projections, dpa reported.

The benchmark Nikkei 225 Stock Average edged down 38.3 points, or 0.48 per cent, to 7,955.75.

The broader Topix index of all first-section issues was down 8.63 points, or 1.09 per cent, to 785.4.

On currency markets at 9 am (0000 GMT), the dollar traded at 89.67-72 yen, up from Friday's 5 pm quote of 89.49-52 yen.

The euro was quoted at 1.2750-55 dollars, down from Friday's late quote of 1.2893-96 dollars, and at 114.38-43 yen, down from 115.40-44 yen.

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