Tokyo stocks plummet on quake impact woes, strong yen

GMT 11:25 2016 Monday ,18 April

Arab Today, arab today Tokyo stocks plummet on quake impact woes, strong yen

Tokyo stocks
Tokyo - WAM

Tokyo stocks tumbled Monday as investors sentiment soured on concerns over the economic impact of the recent earthquakes in Japan's southwest, compounded by an increasingly firm yen against the U.S. dollar.

The 225-issue Nikkei Stock Average plummeted 572.08 points, or 3.40 percent, from Friday to end the day at 16,275.95.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange plunged 41.25 points, or 3.03 percent, to close at 1,320.15.

With the exception of construction issues, all industry categories on the main section closed in negative territory, with notable decliners comprising insurance, marine transportation and financial stock-linked issues.
Source: Xinhua

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