Tokyo shares dip below 15,000

Image
IANS Tokyo
Last Updated : Feb 12 2016 | 12:32 PM IST

Share prices tumbled Friday on the Tokyo Stock Exchange, with the benchmark Nikkei Average plunging below the 15,000 mark for the first time in about 16 months.

The Nikkei ended the morning session at 14,874, down 838 points or 5.34 percent from Wednesday's close, public broadcaster NHK reported.

The market was closed on Thursday.

The sell-off on the bourse was on the back of the yen's sharp appreciation against the dollar, fuelled by concerns over the global economic outlook.

Market sources said crude oil futures are also plunging, increasing risk-aversion among investors.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 12 2016 | 12:18 PM IST

Next Story