Nikkei tanks 3%

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Capital Market
Last Updated : Aug 22 2015 | 12:01 AM IST
Japanese share market finished the session steep lower on Friday, 21 August 2015, as drop in the Wall Street overnight, stronger yen, weaker-than-expected China manufacturing data, and the prospect of higher US interest rates has spurred a wave of selling across sectors. All of the gauge's 33 industry groups declined, with shares of insurance, real estate, banks, utilities, brokerage houses, shippers and resources being key losers. The Nikkei Stock Average tumbled 597.69 points, or 2.98%, to end at 19435.83 points. The broader Topix index ended 50.87 points, or 3.13%, lower at 1573.01 points. For the week, the Nikkei index lost 5.3%.

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First Published: Aug 21 2015 | 3:19 PM IST

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