TOKYO, Oct. 5 (Xinhua) -- Tokyo stocks closed lower Friday following a weak lead from Wall Street overnight with high-tech issues also weighing on the market.
The 225-issue Nikkei Stock Average dropped 191.90 points, or 0.80 percent, from Thursday to close the day at 23,783.72.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 8.54 points, or 0.47 percent, to finish at 1,792.65.
Local brokers said that stocks retreated from early trade due to Wall Street's slump overnight.
They said the 10-year U.S. Treasury yield's overnight spike to a seven-year high triggered concerns of a rise in corporate borrowing costs.
High technology related issues drew selling and weighed on the market as a result, as this is one of the sectors that tends to heavily rely on such loans from banks.
"Sectors such as technology which tend to rely more on loans from banks drew selling in line with their U.S. peers," Makoto Sengoku, market analyst at the Tokai Tokyo Research Institute, was quoted as saying.
By the close of play, nonferrous metal, chemical, and mining-linked issues comprised those that declined the most, and falling issues beat rising ones by 1,506 to 536 on the First Section, while 68 ended the day unchanged.
On the main section on Friday, 1,489.05 million shares changed hands, dropping from Thursday's volume of 1,590.02 million shares.
The turnover on the final trading day of the week came to 2,776.8 billion yen (24.38 billion U.S. dollars).
