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Latest Business News

Japanese Stocks Lower, Dollar Down

Thursday, January 04, 2007 7:49:25 PM

Japanese office workers walk past a Tokyo brokerage's stock price board during a lunch break as Japanese stocks kicked off 2007 by rising to an 8-month high Thursday, Jan. 4, 2007, led by gains in auto and retailer issues. The dollar was slightly higher against the yen. The Nikkei 225 index rose 127.84 points, or 0.74 percent, to 17,353.67 points on the Tokyo Stock Exchange, the highest since April 21 at 17,403.96 points. Japan's financial markets were closed Monday through Wednesday for New Year's holidays. Markets reopened Thursday for a half-day session. (AP Photo/Katsumi Kasahara)TOKYO (AP) - Japanese stocks fell Friday morning on profit-taking ahead of a three-day weekend. The dollar was lower against the yen.

The benchmark Nikkei 225 stock index shed 38.13 points, or 0.22 percent, to 17,315.54 on the Tokyo Stock Exchange at Friday's open. The index added 0.74 percent the previous day to finish the first day of 2007 trading at an eight-month high of 17,353.67.

The Nikkei shrugged off positive leads from Wall Street overnight to move lower on profit-taking. Tokyo markets will be closed Monday for Coming of Age Day, a national holiday.


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