Japanese shares fall sharply on profit-taking, higher yen

08:49, April 19, 2010      

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Japanese stocks fell sharply Friday on profit-taking and a stronger yen which hurt exporters.

The benchmark 225-issue Nikkei Stock Average dropped 171.61 points, or 1.52 percent, from Thursday to 11,102.18, marking its lowest closing level since March 31.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 10.06 points, or 1.01 percent, to 988.84.

Trading volume on the main section came to 2,221.85 million shares, down from Thursday's 2,366.97 million.

The TSE's Second Section index lost 11.57 points, or 0.50 percent, to 2,298.97 on a volume of 60.59 million shares. On the Osaka Securities Exchange, the near-term June Nikkei 225 index futures contract was down 180 points to 11,090.



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