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MAR 21, 2013 - MarketWatch

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Japan stocks fall after yen surges overnight

LOS ANGELES (MarketWatch) -- Tokyo shares opened solidly lower Friday, as the yen rose overnight as Cyprus faced down a deadline for an aid deal and after the Bank of Japan's new governor promised more easing but offered few new details. The Nikkei Stock Average lost 1.1% to 12,494.77, erasing much of its 1.3% advance Thursday, while the Topix fell 0.8%. With the dollar falling overnight from above the ¥96 level to below ¥95, exporters took the brunt of the selling among the blue chips. Sony Corp. lost 2.8%, Nikon Corp. and Nissan Motor Co. each retreated 2.3%, Bridgestone Corp. ... Read More

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