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TOKYO, Oct. 29 -- Tokyo stocks fell on Friday, with the Nikkei stock index losing 1.75 percent to close at a seven- week low as a strong yen christian louboutin stone shoes , coupled with disappointing economic data soured the market mood and worse-than-expected corporate earnings contributed to negative investor sentiment.
Brokers said that news before the markets opened that industrial output in Japan fell 1.9 percent in September christian louboutin stone shoes , a larger retraction than the 0.6 percent median forecast by economists, dourer the mood from the get-go.
Japan's core consumer price index also dropped 1.1 percent, marking the 19th straight month of decline, sparking increased concerns about the nation's inability to shake lingering deflationwholesale jerseys, analysts added.
"We had negatives from both the macro and microeconomic bases," said Masatoshi Sato, senior strategist at Mizuho Investors Securities Co., adding "the strong yen, the industrial production data and downward revisions from companies like Sharp came at a bad time."
The 225-issue Nikkei Stock Average ended down 163.58 points, or 1.75 percent christian louboutin stone shoes , from Thursday to 9,202.45, the lowest closing since Sept. 9 when it finished at 9,098.39. The broader Topix index of all First Section issues on the Tokyo Stock Exchange lost 3.42 points christian louboutin stone shoes , or 0.42 percent, to 810.91, the lowest since Aug. 31.
Traders said that export-related came under pressure as the yen approached a 15-year high against the U.S. dollar and the recent strength of the yen in general is having an adverse affect on corporate earnings, which peaked today.