TOKYO, March 31 Japanese stocks dropped to more
than seven-week closing lows on Friday in choppy trade as
investors locked in gains on the last trading day of the fiscal
year, led by selling in futures and bellwether stocks such as
The Nikkei share average fell 0.8 percent to
18,909.26, the lowest close since Feb. 9. The benchmark index
declined 1.8 percent for the week and 1.1 percent for the month.
For the quarter, it dropped 1.1 percent.
Much of the demand for Japanese stocks has been influenced
by the yen's moves and broad sentiment around U.S. President
Donald Trump's early efforts to change domestic policies.
Trump's failure to push through a healthcare bill triggered
sharp selling in Japanese equities on Monday as investors
fretted about his ability to push through economic stimulus
As the dollar-yen levels have been volatile recently,
investors will remain cautious for a while, traders say.
All sectors but the utility were in negative territory.
Exporters lost ground, with Toyota Motor Corp falling
1.1 percent and Honda Motor Co dropping 1.3 percent.
The broader Topix shed 1.0 percent to 1,512.60, with
2.2 billion shares changing hands, the biggest since March 10.
The JPX-Nikkei Index 400 dropped 0.9 percent to
(Reporting by Ayai Tomisawa; Editing by Subhranshu Sahu)