TOKYO: Tokyo stocks lost early gains to finish Monday morning’s session 0.21 percent lower, despite upbeat Japanese growth data and a weak yen.
The Nikkei 225 index at the Tokyo Stock Exchange fell 42.27 points to 20,418.63 by the break, while the Topix index of all first-section shares dipped 0.39 percent, or 6.49 points, to 1,660.57.
Shares opened higher after data showed the economy grew 1.0 percent in the first quarter, up from an initial estimate of a 0.6 percent expansion.
The dollar was steady after soaring on Friday as a strong US jobs report sparked talk that the Federal Reserve would move more quickly to raise interest rates.
The US economy pumped out 280,000 jobs in May, far more than expected in a solid sign of growth after a winter stall. The report also showed better wage growth, in an indication of tightening for the labour market.
The greenback was at 125.44 yen, slightly lower than 125.56 yen in New York where the greenback climbed briefly to a 13-year high of 125.86 yen.
