Profit-taking sends Tokyo stocks down

Tokyo, Nov 12 (DPA) Stocks in Tokyo dropped in Friday morning trading as investors sold shares to lock in recent gains that had seen the benchmark Nikkei 225 Stock Average climb above 9,800.

The Nikkei ended the morning session down 80.14 points, or 0.81 percent, at 9,781.32 while the broader Topix index also dropped 5.46 points, or 0.64 percent, to trade at 850.91.

Exporters selling to Europe were hurt as the yen strengthened against the euro, which makes Japanese goods more expensive in the eurozone.

On currency markets at 9 a.m. (0000 GMT), the dollar traded at 82.42-43 yen, up from Thursday’s 5 p.m. quote of 82.22-23 yen.

The euro traded at $1.3620-22, down from $1.3776-77 Thursday, and at 112.27-28 yen, down from 113.27-31 yen.

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