Nikkei 225 down 1.77% (Il Sole 24 Ore Radiocor) - Tokyo, 19 Aug - Japanese shares closed sharply lower on profit-taking after last week's gains and concern that a stronger yen could affect earnings of exporters.

The Nikkei closed down 1.77% at 38,388.62 points.

Seven & i surged 23% after saying that it has received a confidential, non-binding, and preliminary proposal from Canadian convenience store operator Alimentation Couche-Tard to acquire all outstanding shares of the company.

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(RADIOCOR) 19-08-24 08:36:34 (0109) 5 NNNN