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Japanese stocks fall for the first time in three sessions due to the rise of the yen and profit-taking

Japanese stocks ended Wednesday's trading low for the first time in three sessions with a damaged export companies of the rise of the local currency the yen, and investors' appetite for profit-taking ahead of a public holiday in the country.
 Nikkei record low of about 29.85 points or 0.18 percent to 16,735.12 points, and the decline in the broader Topix index 2.66 points or 0.20 percent to 1,314.83 points.

The local currency the yen rose 0.5 percent against the US dollar, to trade at 101.35 yen per dollar, extending gains for the second day in a row, after rising 0.6 percent yesterday, due to receding expectations of increased US interest rates during the current year.

It came the volume of trading in today's session to say the TOPIX index by 18 percent from an average of 30 days, ahead of a public holiday in the country on Thursday to mark the end of the mountain.

Shiseido shares fell by 7.5 percent, the biggest daily loss since last February, after the cosmetics maker announced reduced annual operating profit forecast by 21 percent.

Futures rose for the S & P 500 less than 0.1 percent, and the index ended yesterday's session on Wall Street stable without any significant change.


 
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