Tokyo shares drop to two-month low

Comment on this story
JapanBrokerage REUTERS A man looks at his watch as he passes an electronic board displaying a graph of currency rates outside a brokerage in Tokyo.

Tokyo - Tokyo stocks slumped 2.98 percent to a two-month low on Friday as investors reacted to US President Barack Obama's announcement that he had authorised air strikes on Iraq.

The Nikkei 225 index fell 454.00 points to close at 14,778.37, the lowest since late May, as Obama's comments sparked a sharp uptick in the yen, which is bad for Japanese shares.

The Topix index of all first-section shares fell 2.37 percent, or 29.86 points, to 1,228.26. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.