|Published : 13 Apr 2017, 12:26:44|
Japanese stocks slump to four-month lows as yen spikes
Japanese stocks slumped to four-month lows on Thursday as the yen spiked against the dollar after Trump said the US currency was too strong, hitting exporters and financial stocks hard.
The Nikkei 225 share average ended 0.7 per cent lower to 18,426.84, the weakest closing level since Dec. 6.
The broader Topix fell 0.8 per cent to 1,468.31 and the JPX-Nikkei Index 400 was down 0.8 per cent to 13,164.58, according to Reuters.