Tokyo Shares Slump As Strong Yen Hits Exporters

Tokyo shares slump as strong yen hits exporters

TOKYO, (UrduPoint / Pakistan Point News - 18th Augst,2016) : Tokyo shares slumped on Thursday as fading expectations of an imminent Federal Reserve rate hike sparked a rally in the Yen, hitting exporters including Toyota and Nissan. The benchmark Nikkei 225 index shed 1.55 percent, or 259.63 points, to close at 16,486.01, while the broader Topix index of all first-section shares also fell 1.55 percent, or 20.34 points, to 1,290.79.