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Tokyo stocks close lower on virus worries

Tokyo stocks closed lower on Friday amid lingering worries over the economic ramifications of the new coronavirus.

The benchmark Nikkei index fell 0.59 percent, or 140.14 points, to close at 23,687.59. Over the week, it slipped 0.58 percent.

The broader Topix index ended down 0.60 percent or 10.21 points at 1,702.87. It was down by 1.69 percent over the week.

Stock moves were dominated by a "wait-and-see attitude... with traders unable to move while nervously watching news headlines on the new coronavirus," Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary.

The Tokyo market was also weighed down by profit-taking sales as the US market will be closed on Monday for President's Day holiday, Mizuho Securities said in a note.

The dollar fetched 109.75 yen in trade in Asia against 109.81 yen in New York.

In Tokyo, Nissan dived 9.64 percent to 513.7 yen after the carmaker revised downwards its full-year sales and profit forecasts, warning that the impact from the spreading coronavirus crisis was not yet included in their figures.

Uniqlo casual wear operator Fast Retailing, a market heavyweight, dropped 1.80 percent to 59,479 yen, Sony ended down 0.63 percent at 7,622 yen and Nintendo closed down 0.87 percent at 39,840 yen.