TOKYO, (APP/AFP) – Tokyo stocks dropped Wednesday, snapping a five-day winning streak as the yen surged on news Japan’s prime minister would delay a sales tax hike that threatened the fragile economy.
By the close, the benchmark Nikkei 225 index at the Tokyo Stock Exchange had tumbled 1.62 percent, or 279.25 points, to 16,955.73, while the broader Topix index of all first-section shares fell 1.28 percent, or 17.73 points, to 1,362.07.
Business News
Tokyo stocks end five-day winning streak as yen surges
