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Japanese Shares Fall on JPY Strength, U.S. Shares Weakness -- Market Talk

Dow Jones Newswires ·  Oct 28, 2021 02:20

0617 GMT - Japanese shares fell on yen strength and overnight weakness of U.S. stock markets, with the Nikkei Stock Average closing 1.0% lower at 28820.09. Losses on the Nikkei were led by a mixed bag of companies including those that posted weak results. Fanuc slipped 8.7% after cutting FY revenue and net-profit views, while Fujitsu dropped 8.1% after its 2Q net profit missed analysts' estimates. Other top decliners included Japan Exchange Group losing 4.3% and JFE Holdings shedding 4.2%. Nomura Research Institute climbed 8.0% and Advantest rose 5.0%. USD/JPY was at 113.50, compared with 114.09 as of Wednesday's Tokyo stock market close. The yield on the 10-year Japanese government bond was down a half basis point at 0.090%. (ronnie.harui@wsj.com)

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