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Japan's Nikkei touches 2-week low as yen gains after Trump fires Fed's Cook
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Japan's Nikkei touches 2-week low as yen gains after Trump fires Fed's Cook
Aug 25, 2025 6:29 PM

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.

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