Japanese stocks fell,
with the Topix index dropping for the first time in four days, as
exporters slumped on a stronger yen with carmakers leading declines.
The Topix lost 0.4
percent to 1,594.31 as of 9:00 a.m. in Tokyo, trimming its advance for
the week to 0.5 percent. About nine shares fell for seven that rose. The
yen traded at 122.88 per dollar after gaining 0.6 percent on Thursday.
The Nikkei 225 Stock
Average slid 0.4 percent to 19,773.78. The measure closed at its highest
level since Aug. 20 on Thursday as it headed for a fifth straight
weekly gain. The gauge has risen 13 percent this year, while still short
of a high in June before China’s shock devaluation of the yuan roiled
global markets.
E-mini futures on the
Standard & Poor’s 500 Index lost 0.1 percent. The underlying gauge
slipped 0.1 percent Thursday, after fluctuating throughout the day, as a
profit warning from UnitedHealth Group Inc. led to a slump in the
health-care sector and energy producers followed oil prices lower.
Source: Bloomberg 
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