Japan Stocks tumble on rising US rate hike bets
Capital Market The Japan share market ended steep lower on Monday, 12 September 2016, dragged down by renewed fears of a US Federal Reserve interest rate hike in the near term and a slump in oil prices. Meanwhile, risk aversion selloff fuelled further amid concerns that the European Central Bank and the Bank of Japan may be slowing their monetary policy easing efforts. Every industry category on the main section lost ground, led by mining, iron and steel, and financial issues. The 225-issue Nikkei lost 292.84 points, or 1.73%, to finish at 16,672.92 on the Tokyo Stock Exchange. The Topix index of all first-section issues lost 20.76 points, or 1.54%, to close at 1,323.10
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
