Nikkei slumps to worst day in 10 months on euro zone worries, strong yen

Published 07-01-2015, 09:54 am
Nikkei slumps to worst day in 10 months on euro zone worries, strong yen
JP225
-
TOPX
-
1605
-
7201
-
6752
-
JPXNK400
-
TOKYO, Jan 6 (Reuters) - Japanese stocks posted their
biggest fall in nearly 10 months on Tuesday, as uncertainty
surrounding Greece's future in the euro zone and slumping oil
prices dampened risk appetite, while a stronger yen hit
exporters' shares.
In its worst day since March 14, the Nikkei benchmark
.N225 slipped 3.0 percent to close at 16,883.19, not far off a
six-week low of 16,672.94 hit on Dec. 17.
With oil prices at their lowest since spring 2009, the Tokyo
Stock Exchange sub-index of oil and mining shares .IMING.T
tumbled 5.5 percent. Inpex Corp 1605.T shed 5.8 percent.
Exporters' shares suffered from a stronger yen JPY= , which
broke through the 119 level versus the dollar late in the
session. Nissan Motor Co Ltd 7201.T lost 4.4 percent and
Panasonic Corp 6752.T slipped 3.1 percent.
The broader Topix .TOPX fell 2.9 percent to 1,361.14,
while the JPX-Nikkei Index 400 .JPXNK400 shed 2.9 percent to
close at 12,327.80.

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