Tokyo stocks fall as Trump drug tweet hits pharma firms

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Tokyo - Tokyo stocks slipped on Wednesday morning with pharma firms taking a hit after US President Donald Trump repeated warnings that he would move to bring down high drug prices.

Wall Street also fell after Trump said on social media that he was working on a system to boost competition in the sector - a move that could dent drug makers' profits.

Tokyo investors are cautious ahead of key US jobs data this week while an upward revision in Japanese GDP underwhelmed.

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Rand - Dollar
13.78
-0.3%
Rand - Pound
19.45
-0.3%
Rand - Euro
16.70
-0.4%
Rand - Aus dollar
10.64
-0.4%
Rand - Yen
0.13
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Gold
1,846.25
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Silver
27.50
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Top 40
61,840
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68,098
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Resource 10
65,646
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Industrial 25
88,731
+1.3%
Financial 15
13,704
+0.5%
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