News Column

Tokyo shares tumble as yen's further rise pressures export shares

May 15, 2014

Tokyo shares tumbled Friday as export-oriented shares were hit by the yen's appreciation against the U.S. dollar following falls in U.S. Treasury yields and also versus the euro in the wake of disappointing eurozone growth data.

The 225-issue Nikkei Stock Average ended down 201.62 points, or 1.41 percent, from Thursday at 14,096.59. It briefly fell as low as 14,016.49, its lowest intraday low in a month.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 19.22 points, or 1.63 percent, lower at 1,159.07.

Decliners were led by information and communication, oil and coal, and utility shares.

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Source: Japan Economic Newswire

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