Markets

Japanese stocks decline as yen strengthens, Trump speech awaited

Published January 10, 2017 Updated January 10, 2017 07:06am

1 min

By Parvez Jabri

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TOKYO: Japan's Nikkei share average fell on Tuesday with a strengthening yen weighing on exporter shares, although hopes that US President-elect Donald Trump would provide hints about stimulus at an upcoming speech helped curb the losses.

Trump, who takes office on Jan. 20, is scheduled to hold a news conference on Wednesday that will be his first since winning the election in November.

The Nikkei dropped 0.8 percent to 19,301.44. The broader Topix was down 0.7 percent at 1,542.31 and the JPX-Nikkei Index 400 fell 0.8 percent to 13,816.61.

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