The Nikkei index fell for the third straight session Friday in Tokyo, ending at a fresh two-month low on selling prompted by the dollar’s dive amid concerns over U.S. labor market conditions.
The 225-issue Nikkei Stock Average closed down 26.49 points, or 0.21 percent, from Thursday at 12,877.53, after sliding to as low as 12,548.20. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 13.82 points, or 1.29 percent, at 1,056.95.
Decliners were led by steel, tire and oil firms while gainers included real estate, utilities and consumer finance issues.
The Nikkei briefly fell more than 350 points, shedding most of the gains made since April 4, when the Bank of Japan unveiled aggressive monetary easing, which had driven the market to its highest level in about five years and five months of 15,627 in late May.
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