Japan’s
Topix index fell for the fifth time in six days as a stronger yen
weighed on the earnings outlook for exporters, while cheaper oil dragged
energy shares lower.
The
Topix declined 0.4 percent to 1,297.38 as of 9:01 a.m. in Tokyo as all
but five of its 33 industry groups fell. The Nikkei 225 Stock Average
lost 0.4 percent to 16,063.02, falling for a sixth day and headed for
its lowest close since Feb. 29. The yen strengthened for a third day,
trading at 111.26 per dollar, near its strongest level in almost 18
months. Oil extended losses after dropping to a one-month low amid
doubts about the prospects of a proposed deal to freeze supply.
Source: Bloomberg
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