Tokyo: Tokyo stocks closed lower on Friday, dragged down by a negative lead from New York and caution ahead of key US jobs data and a long weekend in Japan.
The benchmark Nikkei 225 fell 0.80 percent or 191.90 points to 23,783.72. The index had risen to 27-year highs but lost 1.39 percent over the week.
The Topix index lost 0.47 percent or 8.54 points to 1,792.65. Over the week, it dropped 1.35 percent.
The Tokyo market fell after New York stocks sank on worries about the sharp rise in US Treasury bond yields.
“Investor sentiment was hurt by lower US stocks, higher interest rates, drops on emerging markets and the yen’s upturn,” said Seiichi Suzuki, senior market analyst at Tokai Tokyo Research Institute.
“The market is also prone to selling to lock in profits at the start of the second half” of the business year, he told AFP.
The dollar traded at 113.90 yen, hardly changed from New York late Thursday but down from above 114 yen a day earlier.
Investors are now paying close attention to US September payroll figures, dealers said.
They also withheld buying as Tokyo markets are closed Monday for a national holiday.
In individual stocks trade, Toyota ended down only 0.04 percent at 7,002 yen with investors apparently unconcerned about another batch of hybrid car recalls.
Cosmetics giant Shiseido, which makes products popular in China, tumbled 3.47 percent to 8,084 yen amid reports that social media photos showing shoppers with empty bags at airports sparked fears Chinese authorities were cracking down on resale businesses.
[source_without_link]AFP[/source_without_link]