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Article: Japanese Stocks Fall on Abe Resignation
- Article from:
- AP Online
- Article date:
- September 12, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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TOKYO - Japanese stocks fell Wednesday after Prime Minister Shinzo Abe announced plans to resign after a string of damaging scandals and a humiliating electoral defeat.
The benchmark Nikkei 225 index dipped 80.07 points, or 0.50 percent, to close at 15,797.60 points on the Tokyo Stock Exchange. The index added 0.72 percent to finish at 15,877.67 on Tuesday.
The broader Topix index, which includes all shares on the exchange's first section, shed 4.12 points, or 0.27 percent, to 1,528.27 points.
Tokyo stocks initially rallied after the first media reports that Abe intended to step down came early in afternoon trade, but soon retreated.
"Abe's resignation would mean that policy ...