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Tokyo: Nikkei drops as investors wary of Fed talk; Toshiba nosedives

Friday, February 17, 2017 - 14:40

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[TOKYO] Japan's Nikkei share average fell on Friday with the market wary of a stronger yen and financials weakened as US bond yields fell after comments by a senior US Federal Reserve official were viewed as relatively dovish.

The Nikkei ended down 0.6 per cent at 19,234.62 points. For the week, the benchmark index fell 0.7 per cent.

Toshiba Corp sank 9.2 per cent, after rating agency S&P Global said it could slash the conglomerate's rating if financial support from lenders includes any form of debt restructuring.

The broader Topix dropped 0.4 per cent to 1,544.54 and the JPX-Nikkei Index 400 shed 0.5 per cent to 13,855.47.

REUTERS

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