India | UK | US

Stronger yen, anxiety over US economy drag Tokyo stocks down

Posted : Thu, 27 Mar 2008 02:32:05 GMT
By : DPA
Category : Business
News Alerts by Email ( click here )
Business News | Home
Tokyo - A stronger yen and anxiety over the US economy pushed down Tokyo stocks Thursday. The Nikkei 225 Stock Average plunged 225.65 points, or 1.78 per cent, to 12,480.98.

The broader Topix index of all first-section issues was also down 17.81 points, or 1.44 per cent, at 1,219.74.

Investors sold mainly export-oriented auto and high-tech issues as the US dollar fell below the 100-yen level. A stronger yen hurts earnings of Japanese companies.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 99.14-19 yen, down from Wednesday's 5 pm quote of 100.15-17 yen.

The euro was quoted at 1.5818-23 dollars, up from Wednesday's 5 pm quote of 1.5598-5601 dollars, and at 156.86-91 yen, up from 156.23-27 yen.

Copyright DPA

Share/Save/Bookmark

Article : Stronger yen, anxiety over US economy drag Tokyo stocks down
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News



Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  


 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 

 

The Earth Times
News Category

© 2010 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.