TOKYO: Tokyo stocks plunged 0.78 percent on Thursday as a stronger yen took the wind out of the market after US Thanksgiving celebration.
The Nikkei 225 index at the Tokyo Stock Exchange shed 135.08 points to finish at 17,248.50, while the Topix index of all first-section shares fell 1.03 percent, or 14.50 points, to 1,391.90.
“The US holiday break is going to suppress participation levels through Friday, and with the dollar looking top-heavy, more air could come out of the stock market,” Sumitomo Mitsui Banking Corp. strategist Daisuke Uno told Dow Jones Newswires.
In forex markets, the greenback slipped to 117.29 yen, from 117.72 yen in New York, on the back of mixed US economic figures.
Data for October showed a slight increase in US consumer spending, a rise in durable goods orders and a modest increase in new-home sales. But the Labor Department reported higher jobless claims for the week ending November 22.
Investors were also eyeing oil prices, which retreated further as an Organization of the Petroleum Exporting Countries (OPEC) meeting was tipped to resist pressure to rein in production and curb falling prices.
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