You are here

Tokyo: Stocks dive at open as strong yen hits exporters

38362158 - 13_05_2016 - JAPAN-STOCKS.jpg

[TOKYO] Tokyo stocks opened lower on Monday as exporters tanked on a surge in the yen after shockingly weak US jobs data, which essentially ruled out a Federal Reserve interest rate hike later this month.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange dived 1.62 per cent, or 268.91 points, to 16,373.32 in opening deals, while the broader Topix index of all first-section shares lost 1.49 per cent, or 19.90 points, to 1,317.33.

AFP

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