Tokyo Shares Open Down As Stronger Yen Hits Exporters

Tokyo shares open down as stronger yen hits exporters

TOKYO, (UrduPoint / Pakistan Point News - 18th Augst,2016) - Tokyo shares opened down on Thursday as the Yen surged on lower expectations of a Federal Reserve interest rate hike next month, hitting exporters. The benchmark Nikkei 225 index slumped 0.57 percent, or 95.73 points, to 16,649.91 in opening deals, while the broader Topix index of all first-section shares lost 0.67 percent, or 8.84 points, to 1,302.29.