Tokyo Stocks Slump, Extending Global Equities Selloff

TOKYO: Tokyo stocks market tumbled on Monday morning as a stronger yen dented exporters, with the drop extending a global equities sell-off ahead of this week’s hotly-anticipated Federal Reserve meeting.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 2.46 percent, or 473.16 points, to 18,757.32 by the lunch break, after losing more than three percent in earlier trading.

The broader Topix index of all first-section shares was down 2.15 percent, or 33.34 points, to 1,516.17.



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