Nikkei tumbles on stronger yen

The Japanese share market finished the session deeply in sea of red on Friday, 18 September 2015, as risk aversion selloff triggered on stronger yen, disappointing trade data and Standard & Poor's Japan's long-term credit rating cut. All but one of the 33 Topix's industry groups ended down, with Insurance, Iron & Steel, Glass & Ceramics Products, Land Transportation, Banks, Warehousing & Harbor Transportation Services, and Chemicals issues being major decliners. The Nikkei Stock Average dropped 362.06 points, or 1.96%, to end at 18070.21 points. The broader Topix index dropped 2%, or 29.53 points, to 1462.38 at the close in Tokyo. The Japan market lost 1.2% this week. The Japanese share market will shut from Monday through Wednesday for holidays.

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