Tokyo stocks dropped on Wednesday, tracking overnight declines in the US and fueled by concerns over the widening regional conflict in the Middle East.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, lost 2.18 per cent, or 843.21 points, to close at 37,808.76, Xinhua news agency reported.
The drop followed the decline in the US market, driven by escalating tensions in the Middle East, which led to widespread risk-averse selling.
The US market react...
Tokyo stocks fall over Wall Street declines, Middle East conflict concerns
Tokyo stocks gained ground on Tuesday following a plunge on the previous day as bargain hunters targeted the dip, pushing up the index.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 1.93 per cent, or 732.42 points, to close at 38,651.97.
The market was also buoyed by a weakening yen, with the yen trading at around 144 per dollar, as well as gains on Wall Street, reports Xinhua news agency.
Despite the rebound, concerns over the new governm...
Tokyo stocks rise over weaker yen, US gains