Monday, June 3, 2013

(BN) Japanese Shares Decline as Exporters Drop on Stronger Yen

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Japanese Shares Decline as Exporters Drop on Stronger Yen
2013-06-03 00:11:28.195 GMT


By Anna Kitanaka
June 3 (Bloomberg) -- Japanese shares fell, extending the
Topix index's first monthly decline since the rally began last
year, as a stronger yen weighed on the outlook for exporter
earnings.
The Topix lost 1.5 percent to 1,118.44 as of 9:04 a.m. in
Tokyo, with all but one of the 33 industry groups falling. The
Nikkei 225 Stock Average sank 2.1 percent to 13,488.77, with
volume 16 percent above the 100-day intraday average.


For Related News and Information:
Top Stories: TOP<GO>
Top stock-market news: TOP STK <GO>
World equity valuations: WPE <GO>
World equity index monitor: WEI <GO>
Most-read stock market stories: MNI STK <GO>
Biggest movers this year: TPX <Index> MRR 10 <GO>
Market map of today's trading: TPX <Index> IMAP <GO>

--Editors: Tom Redmond, Jim Powell

To contact the reporter on this story:
Anna Kitanaka in Tokyo at +81-3-3201-8140 or
akitanaka@bloomberg.net

To contact the editor responsible for this story:
Nick Gentle at +852-2977-6545 or
ngentle2@bloomberg.net

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