Japanese Stocks Fall as Yen Strengthens, Machine Orders Decline
- Yen touches strongest level against dollar since October 2014
- Topix falls 17 percent in 2016 as foreigners dump shares
Yen Struggles to Advance for Seventh Day
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Japanese stocks fell, extending two weeks of losses, as the yen rallied for a seventh day and a report showed machine orders dropped for the first time in three months.
The Topix index lost 0.6 percent to 1,279.79 at the close in Tokyo, with all but seven of its 33 industry groups retreating. The Nikkei 225 Stock Average fell 0.4 percent to 15,751.13. The yen traded at 107.88 per dollar, its strongest level since October 2014. Core machine orders slipped 9.2 percent in February from January, according to data released Monday. Analysts had expected a 12 percent drop.