Nikkei extends losses on global growth woes

The Japanese share market declined for second straight day on Wednesday, 14 October 2015, as risk aversion selloff triggered on tracking soft lead from Wall Street overnight and yen appreciation against the dollar. Meanwhile, selloff pressure intensified on deepening concerns about Chinese economy after slew of disappointing data. Total 32 out of 33 TSE first-section sector sub-indexes ended down, with Iron & Steel, Rubber Products, Glass & Ceramics Products, Machinery, Metal Products, Nonferrous Metals, Mining, Marine Transportation, and Banks issues being major losers. The Nikkei Stock Average dropped 343.74 points, or 1.9%, to end at 17891 points, meanwhile the broader Topix index declined 2.15%, or 32.30points, to 1470.83 at the close.

Powered by Capital Market - Live News