Japanese stocks tumbled to their lowest level this year in early Friday
trading, hit by Wall Street’s overnight fall, a stronger yen, and
selling by foreign investors.
The Nikkei Stock Average opened sharply lower, falling quickly to its lowest level since late October. As of 0020 GMT, or 20 minutes after the Tokyo Stock Exchange opened, the index was down 2.8% at 13904.75.
The Nikkei has not closed under 14,000 since late October, leading many investors and analysts to believe that level represented a so-called “hard floor” of support.
The yen rose against the dollar--a negative for exporters and inflation-sensitive shares. The dollar was last at ¥101.37.
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The Nikkei Stock Average opened sharply lower, falling quickly to its lowest level since late October. As of 0020 GMT, or 20 minutes after the Tokyo Stock Exchange opened, the index was down 2.8% at 13904.75.
The Nikkei has not closed under 14,000 since late October, leading many investors and analysts to believe that level represented a so-called “hard floor” of support.
The yen rose against the dollar--a negative for exporters and inflation-sensitive shares. The dollar was last at ¥101.37.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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