Nikkei sinks 2.33% on stronger yen

Risk aversion selloff dominated the Japan share market for fourth straight session on Thursday, 07 January 2016, due to sharp appreciation of yen against the basket of major currencies after another rout in the Chinese market today. Meanwhile, renewed geopolitical tensions, this time on the Korean peninsula, also weighed down investors sentiments. Total 32 out of 33 TOPIX sectors recorded losses, with Mining, Precision Instruments, Iron & Steel, Marine Transportation, and Machinery issues being major losers. The 225-issue Nikkei Stock Average declined 423.98 points, or 2.33%, to 17767.34. The Topix index of all Tokyo Stock Exchange First Section issues lost 30.90 points, or 2.08%, to 1457.94.

Powered by Capital Market - Live News