Stronger yen leads to selling of exporters at Tokyo market
Tokyo - Tokyo stocks fell Monday morning as exporters were hurt by the yen's rise against the US dollar and concerns spread ahead of earning reports season for Japanese firms.
The benchmark Nikkei 225 Stock Average lost 85.29 points, or 0.96 per cent, to 8,822.29.
The broader Topix index of all first-section issues was also down 6.52 points, or 0.77 per cent, at 839.05.
On currency markets at 9 am (0000 GMT), the dollar traded at 99.32-37 yen, down from Friday's 5 pm quote of 99.39-41 yen.
The euro traded at 1.3006-11 dollars, down from late Friday's quote of 1.3089-91 dollars, and at 129.16-21 yen, down from 130.09-13 yen. (dpa)