Nikkei falls as strong yen trend sours sentiment, ex-div adjustment adds to pressure



* Banks, insurance companies tumble
* Strong yen trend increases exporter earnings worries
By Ayai Tomisawa
TOKYO, Sept 28 Japan's Nikkei share average fell on Wednesday morning as a strong yen continued to sour sentiment, while ex-dividend share price adjustments pressured the market.
The Nikkei dropped 1.8 percent, or 295.32 points, to 16,388.61 at midmorning trade. About 115-120 points are cut from the Nikkei by the ex-dividend price adjustment, according to market participants.
With the dollar trading below 105 yen for about two months, investors are increasingly worried about Japanese... read more

 
28 September 2016 in World News, Views: 41
Source: Reuters
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