Tokyo stocks close down 0.26%
AFP -- Jul 04
Tokyo stocks slipped 0.26 percent in subdued trade on Thursday ahead of the Independence Day holiday in the United States while a slightly stronger yen also added to selling pressure.

The benchmark Nikkei 225 index closed down 36.63 points to 14,018.93, while the Topix index of all first-section shares fell 0.26 percent, or 3.10 points, to 1,170.71.

The dip in Tokyo comes after the Dow in New York added 0.38 percent in shortened pre-July 4 holiday trade.

"The lack of participation caused by the US holiday should contribute to a limited trading range for the (Tokyo) market," SMBC Nikko Securities general manager of equities Hiroichi Nishi told Dow Jones Newswires.

Investors are keeping a close eye on a monthly US jobs report Friday for clues as to when the Federal Reserve will start reeling in its massive bond-buying programme, known was quantitative easing.

Source: AFP
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