News Column

Japanese stocks plunge

February 5, 2014

! Tokyo , Rabi'II 4, 1435, Feb 4, 2014 , SPA -- Japanese shares plummeted Tuesday after a drop on Wall Street and a rise in the yen, dpa reported. The benchmark Nikkei 225 Stock Average dipped below the symbolically significant 14,000 mark for the first time since October 9 before rallying, to close the day down 610.66 points, or 4.17 per cent, at 14,008.47, while the broader-based Topix index was down 57.05 points, or 4.77 per cent, at 1,139.27. The yen rose to trade at 101.17 to the dollar. A strong currency makes Japanese-made exports more expensive overseas and erodes repatriated earnings. --SPA 11:02 LOCAL TIME 08:02 GMT All Rights Reversed for Saudi Press Agency Provided by Syndigate.info , an Albawaba.com company


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Source: Saudi Press Agency (Saudi Arabia)


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