Friday, February 15, 2013
Nikkei Closes Lower On Yen's Rise
TOKYO (NQN)--Tokyo stocks fell back Friday afternoon, with the Nikkei Stock Average sliding 133.45 points, or 1.18%, to end the day at 11,173.83.
Selling surged as investor sentiment worsened on concerns about the European economy and in line with the yen's rise against the dollar and the euro. Investors dumped a broad range of issues, such as exporters and financial stocks. Tokyo stocks were trading in a volatile manner, affected by futures trading. But the benchmark Nikkei average trimmed its losses toward the market close. On a weekly basis, the Nikkei Stock Average rose for the first time in two weeks.
The trading value on the first section of the Tokyo Stock Exchange totaled about 2.31 trillion yen on a preliminary basis.