Friday, September 6, 2013
Tokyo Stocks Slide After Recent Surge As U.S. Data, Olympic Bid Eyed
TOKYO (Kyodo)--Tokyo stocks slid Friday morning, weighed down by selling to lock in gains after their four-day winning streak, while investors cautiously awaited the outcome of the key U.S. jobs data and the decision on Tokyo's bid to host the 2020 Olympic games.
The 225-issue Nikkei Stock Average shed 158.69 points, or 1.13 percent, from Thursday to 13,906.13. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 10.50 points, or 0.91 percent, at 1,147.34.
Decliners were led by real estate, paper and fishery and forestry companies while gainers included the steel, precision machinery and mining sectors.