14 Oct

Asian stocks stumbled early Wednesday, as fresh data due out of China added to concerns over the state of the world’s second-largest economy.

Japan’s Nikkei 225 index crashed to its lowest level since October 5, with export-oriented counters dented by renewed strength in the yen. Dollar-yen last traded at 119.53, as the greenback pulled back amid heightening bets that the Federal Reserve may not raise short-term interest rates until 2016. Carmakers such as Toyota Motor, Nissan, Suzuki Motor and Honda declined between 1.8 and 2.7 percent, while Komatsu – a construction equipment maker with heavy exposure to China – slumped 3.9 percent.


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Posted by on October 14, 2015 in Uncategorized


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