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Japan's Nikkei edges down as yen resumes march higher
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Japan's Nikkei edges down as yen resumes march higher
Aug 20, 2024 5:50 PM

TOKYO, Aug 21 (Reuters) - Japan's Nikkei share average

declined in early trade on Wednesday, as a stronger yen

overnight weighed on domestic stocks.

The Nikkei was down 0.9% at 3,7726.01 as of 0008

GMT, while the broader Topix fell 0.7%.

The declines run reverse to the yen, which was last trading

around 145.37 per dollar after falling as far as

147.34 the previous day.

Market players are also awaiting the release of preliminary

benchmark revisions to U.S. employment data for the 12 months

through March, due later on Wednesday. The Jackson Hole Economic

Symposium is also set to get under way on Thursday.

Uniqlo parent firm Fast Retailing ( FRCOF ), chip-related

shares Tokyo Electron ( TOELF ) and Advantest ( ADTTF ), and

automakers like Toyota Motor ( TM ) were among a wide range of

shares starting the day lower.

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