TOKYO , Jan. 20 -- ( Kyodo ) _ (EDS: ADDING INFO) Tokyo stocks fell Monday morning, with high-tech and other exporting companies' shares succumbing to selling after a halt in the yen's depreciation. The 225-issue Nikkei Stock Average shed 97.67 points, or 0.62 percent, from Friday to 15,636.79. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 3.84 points, or 0.30 percent, at 1,293.55. The Tokyo market got off to a soft start, and losses widened as time wore on, with market sentiment undermined by the dollar's fall to around the 104 yen line. A stronger yen erodes exporters' competitiveness abroad and their dollar earnings overseas when repatriated. "With the yen appreciating, futures-led selling hit the market," said Hiroichi Nishi , assistant general manager of equity research at SMBC Nikko Securities Inc. The market's decline was led by a sharp loss for game maker Nintendo following its announcement Friday that it is expected to post a net loss of 25 billion yen for the current fiscal year through March, instead of a previously projected profit. Nintendo plunged 1,575 yen or 10.8 percent to 13,070 yen , as the morning's most actively traded issue by value. While some Japanese earnings figures have already been released, investors were waiting for upcoming announcements by other companies later this month, brokers said, adding that trading was also lackluster due to U.S. markets' closure Monday for a holiday. "There is a strong mood to wait for the upcoming earnings announcements," Nishi said. Among exporters, Panasonic fell 18 yen or 1.3 percent to 1,324 yen , while Sony slid 12 yen or 0.7 percent to 1,768 yen . Mitsubishi Motors and Mazda Motor also lost ground. Meanwhile, Toyota Motor was up 21 yen or 0.3 percent to 6,221 yen after the Nikkei business daily reported that the automaker's group plans to build some 10.3 million automobiles worldwide this year compared with planned output of 10.12 million vehicles for 2013. Despite the falls in the key indexes, advancing issues outnumbered declining ones 960 to 678 on the First Section, while 139 finished the morning unchanged. By sector, precision machinery, real estate and rubber shares drew particular selling while shipping, steel and mining shares headed higher.
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