Arab Today, arab today tokyo stocks fall 4
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Tokyo stocks fall 4%

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Arab Today, arab today Tokyo stocks fall 4%

Tokyo - KUNA

Tokyo stocks plunged on Wednesday, driving a key index down more than 6 percent, on concern that the US Federal Reserve will soon reduce economic stimulus and the yen\'s appreciation. The 225-issue Nikkei Stock Average on the Tokyo Stock Exchange (TSE) lost 576.12 points, or 4.00 percent, from Tuesday to 13,824.94, marking the fourth biggest loss this year. The broader Tokyo Stock Price Index, which includes all shares on the market\'s first section, was down 38.40 points, or 3.22 percent, to 1,155.26, with all 33 subindexes closing in negative territory. Federal Reserve Bank of Chicago President Charles Evans said Tuesday that the Fed could begin to scale back its 85 billion-a-month bond-buying program at its September policy meeting, prompting the Dow Jones Industrial Average to hit its largest fall since June. The yen\'s strength against the dollar also prompted Japanese investors to sell export-oriented issues. In the currency markets, at 3:40 p.m. (0640 GMT), the US dollar traded at JPY 97.09-12 versus JPY 97.70-80 in New York and JPY 98.36-37 yen in Tokyo at 5 p.m. Tuesday.  

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GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
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Egypt bourse rebounds at beginning of trading

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