TOKYO (AP) -- Tokyo stocks fell Friday morning, dampened by fears the market had overheated in recent days and losses on Wall Street. The dollar was higher against the Japanese yen.
The Nikkei Stock Average of 225 selected issues lost 61.65 points, or 0.64 percent, to 9,563.15 at the end of morning trading. The Nikkei gained 32.56 points, or 0.48 percent, on Thursday.
The dollar was trading at 118.40 yen at 11 a.m. Friday, up 0.16 yen from late Thursday in Tokyo and also above the 118.24 yen it later bought in New York.
Stocks had surged in recent days as Tokyo investors cheered signs of a possible economic recovery both in Japan and in the United States, sending the benchmark Nikkei index to a nine-month high Thursday.
But the market began pulling back early Friday after an unexpected jump in the U.S. jobless rate sent Wall Street stocks down.
Automakers Honda, Nissan and Toyota all fell Friday morning. Electronics were mixed. Fujitsu and Sony fell, but Matsushita and NEC gained.
In New York, the Dow Jones industrial average lost 72.63 points, or 0.8 percent, to 9,070.21. The Nasdaq composite index fell 15.27 points, or 0.9 percent, to 1,663.46.
The Tokyo Stock Price Index was down 7.18 points, or 0.75 percent, to 945.26 points at late morning. The TOPIX, which includes more than 1,000 of Japan's largest companies, gained 7.20 points, or 0.76 percent, Thursday.
In currency trading, the euro bought $1.1470 at late morning Friday, down from $1.1522 late Thursday. The euro bought 135.74 yen, down from 136.32 yen late Thursday.
The yield on Japan's benchmark 10-year government bond was quoted at 1.1800 percent, up from 1.1100 percent late Thursday. Its price fell 0.61 point to 97.51. /www.fxserver.com/