Nikkei falls on strong yen trend, ex-div adjustment



Japan's Nikkei share average fell on Wednesday, pressured by the yen's recent strength as well as ex-dividend share price adjustments.
The Nikkei dropped 1.3 percent, or 218.53 points, to end at 16,465.40. The ex-dividend price adjustment trimmed the Nikkei by about 115-120 points, according to market participants.
While the dollar firmed slightly against the yen on Wednesday, it was not far above a one-month low hit overnight.
Traders said financial sector sentiment was also hit by concerns over Deutsche Bank, with investors worried about the impact of a $14 billion fine.
The broader Topix... read more

 
28 September 2016 in World News, Views: 33
Source: Reuters
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