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Nikkei slides for second day on a stronger yen

By Shawn Price   |   March 8, 2016 at 4:32 AM
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TOKYO, March 8 (UPI) -- Tokyo's Nikkei slid for a second day, with the index dropping to a one-week low.

A stronger yen put a drag on exports and a slow Shanghai market continued concerns about China's economy.

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The 225-issue Nikkei Stock Average finished off 128.17 points from Monday, or 0.76 percent, at 16,783.15. The Topix index ended 14.18 points, or 1.04 percent, lower at 1,347.72.

Industry stocks on the main section dropped, except textile and real estate, with nonferrous metal, electric power and gas, and banking issues all taking a hit.

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