Nikkei Down 3.7 Percent, Yen Back Under 100

The Nikkei index fell over 3.7 percent to its lowest level in more than a month Monday in Tokyo, amid caution over the possible scaling down of U.S. stimulus measures.

The 225-issue Nikkei Stock Average closed down 512.72 points, or 3.72 percent, from Friday at 13,261.82, the lowest closing mark since April 18. It was the third largest point fall this year.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 38.83 points, or 3.42 percent, at 1,096.95.

All 33 sectors declined, led by securities, real estate and consumer finance issues.

The Nikkei stayed weak throughout the session amid ongoing jitters about recent turbulence in the market and accelerated its downswing toward the closing bell as the dollar dropped from the upper 100 yen range to the lower 100 yen level, brokers said.

via Mainichi

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