Tokyo stocks retreat in morning as gains locked in, yen firm
Tokyo stocks fell Thursday morning, with exporters leading the retreat amid a firm yen and investors locking in gains after surges the previous day following the Bank of Japan’s decision to maintain its ultraeasy monetary policy.
The 225-issue Nikkei Stock Average fell 322.50 points, or 1.20 percent, from Wednesday to 26,468.62. The broader Topix index was down 14.71 points, or 0.76 percent, at 1,920.22.
Export-oriented transportation equipment and machinery issues were among the worst performers.