Tokyo Shares Slip As Strong Yen Hits Exporters


Tokyo shares slip as strong yen hits exporters

TOKYO,(UrduPoint / Pakistan Point News - 18th Augst,2016) - Tokyo shares slipped Thursday morning as the Yen surged on fading expectations of an imminent rate hike by the Federal Reserve, hitting exporters including Toyota and Nissan. The benchmark Nikkei 225 index fell 0.19 percent, or 31.03 points, to 16,714.61 by the break, while the broader Topix index of all first-section shares was down 0.38 percent, or 4.98 points, to 1,306.15.