TOKYO: Japanese stocks tumbled for the first time in three days as the yen bounced back after the Bank of Japan untouched policy ahead of a European Central Bank conference.
Dai-ichi Life Insurance Co. dropped 3.4 percent as the industry led declines among the Topix’s 33 groups. Fujikura (5803) Ltd. retreated 4.5 percent after a report the cable maker’s operating profit likely dropped. Toyota Motor Corp., the world’s biggest carmaker by market value, slid 0.9 percent after a report it expects to sell fewer vehicles this year. Konami Corp. gained 6.8 percent, the most on the Nikkei 225 Stock Average, after Goldman Sachs Group Inc. raised its rating on the game developer.
The Topix index lost 0.5 percent to 1,390.61 at the close after gaining 1.8 percent yesterday. The Nikkei 225 slipped 0.5 to 17,280.48 today. The yen added 0.8 percent to 117.84 per dollar after weakening for three days.
European stock markets slide at open 25 june 2018
London:Europe's main stock markets dropped 0.7 percent in opening deals on Monday, as investors worried over the festering global trade...
