15 December 2005, 10:33  Tokyo shares close sharply lower as rising yen prompts exporter led sell-off

Share prices closed sharply lower again as a rebounding yen prompted a further dumping of export-oriented stocks, dealers said. The Nikkei 225 Stock Average finished down 210.14 points or 1.4 pct at 15,254.44, its session low. Yesterday the benchmark index slid 2.0 pct as the dollar slumped against the Japanese unit in the wake of rising market expectations for a near term end to the cycle of rate hikes by the US Federal Reserve. The broader-based TOPIX index of all First Section shares fell 18.55 points or 1.2 pct to 1,583.66, off a low of 1,581.93. Losers beat winners 1,097 to 481, with 85 issues unchanged. Volume fell to 2.57 bln shares from 3.52 bln yesterday.

© 1999-2024 Forex EuroClub
All rights reserved