Japanese stocks plunge on stronger yen

Japanese shares plummeted more than 2 per cent Thursday for the second straight day of decline with export-linked issues dragged down by the yen’s sharp rise against major currencies.

The benchmark Nikkei 225 Stock Average lost 393.18 points, or 2.32 per cent, to close at 16,562.55 after falling as much as 2.54 per cent.

The broader Topix index fell 30.26 points, or 2.22 per cent, at 1,331.81.

On currency markets at 3 pm (0600 GMT), the dollar traded at 109.11-12 yen, down sharply from Wednesday’s 5 pm quote of 110.05-06 yen.

The euro was quoted at 122.19-20 yen, down from 122.73-77 yen late Wednesday.

Last update: Thu, 02/06/2016 - 10:59

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