Tokyo Stocks Tumble amid Reduced Hope over Monetary Easing

Tokyo, April 09 (QNA) – Tokyo stocks continued to tumble Wednesday,
with the Nikkei hitting a two-week intraday low, dragged down by
export-oriented shares on the yen’s appreciation amid reduced
expectations for further monetary easing.

The 225-issue Nikkei Stock Average shed 266.44 points, or 1.82% ,
from Tuesday to 14,340.44. The broader Topix index of all First
Section issues on the Tokyo Stock Exchange was down 22.76 points, or
1.94%, at 1,151.80, according to Japan’s (Kyodo) News Agency.

Shipping, real estate and paper shares were among the morning
session’s major decliners. (QNA)

Leave a Reply