Friday August 17, 12:25 PM
Tokyo stocks falls 3 percent on strong yen
TOKYO, Aug 17 (Reuters) - Tokyo stocks fell more than 3
percent by mid-afternoon on Friday as sharp gains in the yen
triggered concern about profit prospects, pushing down exporters
such as Toyota Motor Corp. .
A dive in commodity prices hit nonferrous stocks, trading
firms and other energy-related stocks, pulling down the broader
TOPIX index.
The benchmark Nikkei dropped 3.06 percent to 15,653.64 as of
0418 GMT. The broader TOPIX index lost 3.03 percent to
1,519.95.
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