Japan's Nikkei tumbled 2 percent to a five-week low on Monday as a sell-off in emerging market currencies spooked stock investors, with the safe-haven yen's appreciation hurting sentiment and dragging down the broader market. Commodity stocks under performed on worries about emerging market economies after the South African rand fell more than 10 percent versus the U.S. dollar as massive falls in the Turkish lira triggered sell-offs in other currencies. The Nikkei share average dropped 440.65 points to 21,857.43, the lowest close since July 6. For more information please visit : www.dollaradvisory.com and call : 9111179961
Monday, August 13, 2018
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Nikkei Tumbles 2% To 5-Week Low As Emerging Market Rout Hits Sentiment
Nikkei Tumbles 2% To 5-Week Low As Emerging Market Rout Hits Sentiment
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