You are here

Tokyo: Nikkei drops as investors wary of Fed talk; Toshiba nosedives

1-41303149 - 26_01_2017 - JAPAN-STCOKS.jpg

[TOKYO] Japan's Nikkei share average fell on Friday with the market wary of a stronger yen and financials weakened as US bond yields fell after comments by a senior US Federal Reserve official were viewed as relatively dovish.

The Nikkei ended down 0.6 per cent at 19,234.62 points. For the week, the benchmark index fell 0.7 per cent.

Toshiba Corp sank 9.2 per cent, after rating agency S&P Global said it could slash the conglomerate's rating if financial support from lenders includes any form of debt restructuring.

The broader Topix dropped 0.4 per cent to 1,544.54 and the JPX-Nikkei Index 400 shed 0.5 per cent to 13,855.47.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom