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Tokyo: Stocks fall as yen gains, Nissan surges on buyback
[TOKYO] Tokyo shares gave up early gains to close lower Monday as a stronger yen weighed on exporters, but Nissan surged on news that it will buy back some of its stock.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 1.00 per cent, or 161.65 points, to close at 16,026.76.
The broader Topix index of all first-section shares dropped 1.02 per cent, or 13.42 points, to 1,297.85.