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Japan stocks track dollar-yen rate lower

LOS ANGELES (MarketWatch) — Japanese stocks marched lower in early Tuesday trading, as a firmer yen dragged down key exporter names, sending the Nikkei Stock Average


/quotes/zigman/5986735 JP:100000018
-0.59%



0.4% lower to 10,072.82 and the Topix weaker by 0.3%. In what has become a familiar story, major exporter shares fell in tandem with the U.S. dollar, which fell below the 82-yen level to hit its lower level against the Japanese currency in about a month. Sony Corp.


/quotes/zigman/197500 JP:6758
-0.58%






/quotes/zigman/197524/quotes/nls/sne SNE
-0.50%



dropped 0.8%, while Sharp Corp.


/quotes/zigman/197304 JP:6753
-1.34%






/quotes/zigman/197313 SHCAF
-3.38%



and Panasonic Corp.


/quotes/zigman/194943 JP:6752
-2.21%






/quotes/zigman/525474/quotes/nls/pc PC
-1.62%



lost 1% each. With U.S. auto sales results due later in the day, Toyota Motor Corp.


/quotes/zigman/199438 JP:7203
-0.28%






/quotes/zigman/199376/quotes/nls/tm TM
-0.17%



traded 1.1% lower, Honda Motor Co.


/quotes/zigman/193651 JP:7267
-0.31%






/quotes/zigman/193599/quotes/nls/hmc HMC
+0.05%



retreated 0.9%, Nissan Motor Co.


/quotes/zigman/196473 JP:7201
+0.22%






/quotes/zigman/202910 NSANY
+1.16%



saw its share price reverse by 0.8%. Stock in Olympus Corp.


/quotes/zigman/196968 JP:7733
+0.08%






/quotes/zigman/196973 OCPNF
+3.23%



dropped 3.8% as former president and chief executive officer Michael Woodford was quoted by Kyodo News as promising a “surprise” action at the scandal-hit firm’s extraordinary shareholder meeting April 20.

Read the full story:

Japan stocks fall, but Korea, Australia gain

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