TOKYO, July 12 (Xinhua) -- Tokyo stocks were lower after the close on Wednesday, weighed down by exporter issues that drew selling on the yen's further appreciation.

The 225-issue Nikkei Stock Average dropped 259.64 points, or 0.81 percent, to finish at 31,943.93, the lowest closing since June 8.

The broader Topix index, meanwhile, closed 14.92 points, or 0.67 percent, lower at 2,221.48.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2607 to 1014 and 228 ended unchanged. Decliners were led by wholesale trade, pharmaceutical, and electric appliance shares.

Among exporters, TDK dropped 55 yen, or 1.0 percent, to 5,234 yen, while Sony Group fell 225 yen, or 1.8 percent, to 12,450 yen.

Rorze plunged 1,300 yen, or 11.2 percent, to 10,350 yen after the chip machinery manufacturing company said Tuesday that its net profit in the March-May quarter fell 30.6 percent from a year earlier amid slowing semiconductor demand.

Air-conditioner maker Daikin Industries fell 320 yen, or 1.1 percent, to 28,375 yen, while industrial robot maker Fanuc dropped 59 yen, or 1.2 percent, to 4,709 yen. Enditem

Related

Go to Forum >>0 Comment(s)