Japanese share market ended steep lower on Monday, 17 November 2014, as profit taking across the board, after official data showed Japan's economy unexpectedly dropped into a recession. The Nikkei 225 index at the Tokyo Stock Exchange, which closed at its highest level in more than seven years on Friday, was ended 3% down at 16973.80.
Japan's economy dropped into a recession after a second-straight quarter of contraction, official data showed on Monday. The country's gross domestic product shrank 0.4% in the July-September quarter, or an annualised rate of 1.6%. The country suffered a revised 1.9% contraction in the April-June quarteror 7.3% at an annualised rateas consumers and firms capped their spending.
Powered by Capital Market - Live News
