Tokyo Shares Slump By Break On US Rate Hike Talk
Mohammad Ali (@ChaudhryMAli88) Published September 12, 2016 | 01:40 PM
TOKYO, (APP - UrduPoint / Pakistan Point News -12th Sept,2016) - Tokyo shares slumped Monday morning, extending a global sell-off after top Federal Reserve officials said they backed a US interest rate hike as soon as this month.
The benchmark Nikkei 225 index dropped 1.51 percent, or 257.03 points, to 16,708.73 by the break, while the broader Topix index of all first-section issues fell 1.53 percent, or 20.52 points, to 1,323.34.
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