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News Link • Economy - International

Asian stocks retreat as Nikkei slides 2.6 percent

• AP

Asian markets lost ground Tuesday as a strong yen pummeled Japanese shares and after Wall Street fell amid pessimism about the U.S. economy.

Japan's Nikkei 225 stock average led regional declines, down 236.93 points, or 2.6 percent to 8,912.33. Dragging on sentiment was the yen's advance — which erodes the earnings of Japan's vital exporters — and disappointment over the central bank's decision to ease monetary policy by expanding a low-interest low program. Markets had been hoping for stronger action.

 

1 Comments in Response to

Comment by Powell Gammill
Entered on:

DOW to fall below 10,000 today?


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