You are here

Tokyo: Stocks fall for 2nd day as yen gains after US data

tokyostocks030615.jpg

[TOKYO] Japanese stocks fell as weaker US economic data sent the dollar lower against the yen, damping the earnings outlook for exporters.

The Topix index dropped 0.4 per cent to 1,668.33 as of 9.01 am in Tokyo, falling for a second day after a 12-day rally. The Nikkei 225 Stock Average lost 0.5 per cent to 20,432.99.

The yen traded at 124.06 per dollar after Tuesday strengthening 0.5 per cent, snapping seven days of declines that had pushed the Japanese currency to the lowest level since 2002. Disappointing US factory data coupled with signs of progress over Greece's debt crisis, which sent the euro soaring, compounded losses yesterday for the greenback.

BLOOMBERG

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