Tokyo stocks down on worries about domestic finances, strong yen

Tokyo, Nov 24 (DPA) Stocks lost ground in Tuesday morning trading in Tokyo due to concerns about the state of government and private sector finances and the stronger yen.

The benchmark Nikkei 225 Stock Average lost 50.32 points, or 0.53 percent, to stand at 9,447.36.

The broader-based Topix index of all first-section issues was also down 3.97 points, or 0.47 percent, at 834.74.

Japan’s stock and financial markets were closed Monday for the Labour Thanksgiving Day holiday.

On currency markets at 9 a.m., the dollar traded at 88.92-93 yen, slightly down from 88.93-89.03 yen the previous day in New York.

The euro traded at $1.4956-66, barely changed from $1.4956-61 the previous day in New York, and at 133.11-21 yen, up from 132.97-133.01 yen.