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Tokyo: Stocks drop to three-month low as China weakens yuan

Thursday, January 7, 2016 - 14:23

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[TOKYO] Tokyo shares plunged to a three-month low on Thursday, after trading on Chinese markets was suspended as authorities weakened its currency again, fanning fears about the powerhouse economy.

The benchmark Nikkei 225 index tumbled 2.33 per cent, or 423.98 points, to 17,767.34, its lowest level since early October.

The broader Topix index of all first-section shares fell 2.08 per cent, or 30.90 points, to 1,457.94.

AFP

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