Tokyo
, Feb 17 (EFE).-
Tokyo
stocks tumbled Wednesday, as the yen rose against the dollar.
The Nikkei slid by 218.07 points, or 1.36 percent, to close at 15,836.36, while the broader Topix index finished 1.3 percent lower at 1,282.40, the Nikkei Asian Review reported.
Concerns affecting stocks have been fuelled by a strengthening of the yen against the dollar, which is expected to hurt
Japan's
export driven economy.
"It is still a very volatile market and while the recent excessive risk-off mood has receded, investors are still cautious about detrimental external factors, including
China
and lingering concerns about a
U.S.
recession,"
Yutaka Miura, senior technical analyst at investment banking firm
Mizuho Securities Co., was quoted as saying.
He added that falling crude oil prices had also contributed to today's slump. EFE
ac/uw
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Source: Equities.com News
(February 16, 2016 - 5:56 PM EST)
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