Stronger yen drags Tokyo stocks down

Stronger yen drags Tokyo stocks down Tokyo  - Tokyo stocks fell Friday as the yen's advance against the US dollar led investors to sell mainly export-oriented issues.

The benchmark Nikkei 225 Stock Average declined 133.1 points, or 1.28 per cent, to 10,250.31.

Automotive shares were among those titles that lost most ground, also affected by the early end of the US "cash for clunkers" car trade-in programme announced for August 24.

The broader-based Topix index was also down 11.37 points, or 1.19 per cent, at 947.22.

On currency markets at 9 am (0000 GMT), the dollar traded at 94.25-30 yen, down from Thursday's 5 pm quote of 94.30-31 yen. A stronger yen affects Japanese firms' earnings.

The euro traded at 1.4255-60 dollars, up from late Thursday's quote of 1.4220-22 dollars, and at 134.40-45 yen, up from 134.10-14 yen. (dpa)