TOKYO, Aug 26 (Reuters) - Japan's Nikkei share average
fell to a two-week low on Tuesday, as the yen strengthened after
U.S. President Donald Trump said he would fire Federal Reserve
Governor Lisa Cook.
As of 0049 GMT, the Nikkei dropped 1.4% to
42,215.57, hitting its lowest level since August 12.
The broader Topix slipped 1.19% to 3,068.57.
The yen rose about 0.4% to 147 yen against the
U.S. dollar after Trump took the unprecedented action of firing
Lisa Cook, the first African-American woman to serve as a
Federal Reserve governor, over claims of mortgage borrowing
impropriety.
Toyota Motor ( TM ) and Honda Motor ( HMC ) slipped 1.26%
and 2.12%, respectively.
A stronger yen typically weighs on exporters' shares by
reducing the value of overseas earnings when converted back into
Japanese currency.
Uniqlo brand owner Fast Retailing ( FRCOF ) lost 2%, and
chip-related heavyweights Advantest ( ADTTF ) and Tokyo Electron ( TOELF )
lost 1.15% and 0.3%, respectively.