(MENAFN- Kuwait News Agency (KUNA)) Tokyo stocks plunged on Monday, sending a key index to fall more than two percent amid concerns that Greece might exit from the eurozone following its critical referendum.
The 225-issue Nikkei Stock Average on the Tokyo Stock Exchange (TSE) lost 427.67 points, or 2.08 percent, from Friday to 20,112.12. The market plunged more than 500 points at one point, marking the biggest drop this year.
The broader Tokyo Stock Price Index, which includes all shares on the market's first section, was also down 31.73 points, or 1.92 percent, to 1,620.36, with all 33 sectors on the TSE losing ground.
Sentiment was dented by Greece's referendum results on Sunday Greek people on Sunday rejected the austerity measures proposed by the European Union and other creditors, which prompted concern that the nation might leave the eurozone.
Japanese Finance Minister Taro Aso said Monday that the government and the Bank of Japan will continue to carefully monitor developments in financial markets in the wake of the vote, but noted direct economic and financial relations between Japan and Greece are limited.
In the currency markets, at 4 p.m. (0700 GMT), the US dollar traded at JPY 122.62-64 versus JPY 122.72-82 in New York and JPY 123.15-16 in Tokyo at 5 p.m. Friday. (end)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.