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Article: Tokyo stocks close down, dollar drops against yen
- Article from:
- AP Worldstream
- Article date:
- May 8, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
Dateline: TOKYO
Tokyo shares fell nearly 1 percent Thursday, as the yen's surge against
the U.S. dollar prompted investors to sell key exporter issues, ending
a five-day rally.
The Nikkei Stock Average of 225 selected issues lost 78.22 points,
or 0.96 percent, to 8,031.55 points. The index gained 26.21 points,
or 0.32 percent, on Wednesday.
The dollar bought 116.34 yen at 5 p.m. (0800 GMT), down 1.32 yen from
late Wednesday in Tokyo and below its level of 116.40 yen in late
New York trading overnight. It stayed between 116.22 yen and 116.74
yen in Tokyo trading on Thursday.
Tokyo stocks opened lower after the overnight decline in U.S. stocks,
and some investors sold ...