Nikkei drops on firmer yen, caution about U.S. jobs data

Japan’s Nikkei share average dropped on Friday, dragged down by caution towards the U.S. jobs report due later in the day and as the yen erased earlier losses and firmed.

Traders said selling of equity positions intended to generate dividend payments for exchanged-traded funds also weighed on the market.

The Nikkei fell 1.1 percent to 15,106.98. The index lost 3.7 percent for the week, during which concerns about Brexit resurfaced and hurt global equities.

Gaming group Nintendo Co outperformed on Friday, rising 8.9 percent on expectations that its recently-launched Pokemon GO mobile game would attract significant demand in the rapidly growing mobile gaming segment.

The broader Topix dropped 1.3 percent to 1,209.88 and the JPX-Nikkei Index 400 lost 1.4 percent to 10,893.60.

Source: Reuters