Tokyo: Nikkei falls to over 1-week low as selling accelerates on strong yen
[TOKYO] Japan's Nikkei dropped to a more than one-week low on Tuesday as selling accelerated in late trade after the dollar hit a one-month low against the yen.
The market also turned cautious before the release of a slew of US economic data later in the day.
The Nikkei dropped 1.6 per cent to 16,596.51, the lowest closing level since Aug 5.
The broader Topix fell 1.4 per cent to 1,298.47 and the JPX-Nikkei Index 400 declined 1.4 per cent to 11,684.54.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard