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A late slide has seen Japan’s stock market wipe out its gains for the year.

With hefty losses among energy companies, consumer staples and the banks, the Topix ended Friday trading 1 per cent lower at 1,512.6.

This marked a third-straight day of declines during which the benchmark has fallen a cumulative 2.1 per cent.

For the year, the Topix is down 0.4 per cent, while the price-focused Nikkei 225, which dropped 0.8 per cent today, is 1.1 per cent lower for 2017.

Notwithstanding a 0.8 per cent drop on Thursday, the Japanese yen has strengthened this month (and is stronger against the dollar for the year), keeping pressure on exporters.

Copyright The Financial Times Limited 2017. All rights reserved.
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