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Stocks

Currency woes hit Japan equities exposed to emerging markets

TOKYO -- Japanese companies with heavy presences in emerging markets continued to be sold Tuesday in the Tokyo stock market out of concerns that weaker local currencies could shrink those companies' yen-denominated earnings down the road.

Suzuki Motor, which is strong in India, closed down 3% on that day, marking the third straight losing session. Auto components supplier Toyota Boshoku finished down 1% despite healthy sales in Asian countries. Kansai Paint turned in a record net profit for the April-September half, yet the share price dipped 2% due to its automotive coatings business' exposure in India.

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