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Japanese stocks tumble 1.69 percent in wake of Wall Street sell-off

Japanese stocks tumble 1.69 percent in wake of Wall Street sell-off

Japan's benchmark stock index plunged 1.7 percent Wednesday after Wall Street fell amid renewed jitters over the U.S. credit market.
The Nikkei 225 lost 274.66 points on the Tokyo Stock Exchange to finish at 16,012.83 points.
A stronger yen also prompted traders in Tokyo to sell exporters, whose overseas earnings are eroded by yen appreciation. The U.S. dollar was trading at 114.25 yen at 3 p.m. (0600 GMT) Wednesday, down from 114.56 yen late Tuesday in New York. The euro fell to US$1.3580 from US$1.3634.
Losers included blue chip auto and electronics shares. Sony Corp. fell 2.79 percent to 5,230 yen (US$45.88;


Updated : 2021-05-14 10:42 GMT+08:00