TOKYO: Tokyo stocks started 0.74 percent lower at the early start, hit by the yen’s climb and drops on Wall Street on fears about declining oil prices.
The Nikkei 225 index at the Tokyo Stock Exchange lost 125.89 points to 16,961.82 at the start.
In New York on Tuesday the Dow Jones Industrial Average dropped 0.15 percent and the broad-based S&P 500 fell 0.26 percent, overshadowed by worries about sliding crude oil prices.
The yen rose against other currencies on safe-haven buying, a negative for Japanese exporters as the stronger currency makes them less competitive abroad and erodes profits when repatriated.
The dollar was at 117.72 yen early Wednesday, down from 117.90 yen in New York Tuesday afternoon and rates above 118 yen seen in Tokyo earlier Tuesday.
The euro also fell after a key European central banker expressed support for monetary stimulus.
The common European currency bought 138.69 yen and $1.1776 against 138.84 yen and $1.1777 in US trade.
The ruble´s drop took a breather early Wednesday after plunging by around 5 percent on Tuesday as global oil prices tumbled towards a six-year low.
The dollar was at 65.28 against the ruble on Wednesday against levels above 66 seen on Tuesday.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
