Nikkei falls as strong yen hurt exporters

The Japan share market finished session lower on Friday, 28 July 2017, hurt by tracking weak lead from Wall Street overnight and the yen's advance against the U.S. dollar. Market sentiment was also dented by concerns for the future course of the administration of Prime Minister Shinzo Abe after the resignation earlier in the day of the defense chief in relation to a coverup scandal. Most of the industry category on the main section lost ground, led by securities, air transportation and electric appliance-linked issues. The 225-issue Nikkei Stock Average lost 119.80 points, or 0.60%, to close the day at 19,959.84. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 5.62 points, or 0.35%, to finish at 1,621.22.

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