Tokyo shares drop on stronger yen ahead of Yellen testimony

Source: Xinhua| 2017-07-12 15:51:50|Editor: Song Lifang
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TOKYO, July 12 (Xinhua) -- Tokyo shares closed lower Wednesday on the yen's rise against the U.S. dollar, while market players waited cautiously before the congressional testimony to be made by U.S. Federal Reserve Chief Janet Yellen.

The 225-issue Nikkei Stock Average ended down 97.10 points, or 0.48 percent, from Tuesday at 20,098.38.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 7.80 points, or 0.48 percent, lower at 1,619.34.

Decliners were led by oil and coal product, bank and construction issues.

The day's turnover was around 1,981.7 billion yen (17.48 billion U.S. dollars).

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