Japan TOPIX down 3 pct on U.S. economy, stronger yen
TOKYO |
TOKYO Jan 16 (Reuters) - Japan's TOPIX index .TOPX extended falls on Wednesday to slide 3 percent on a surging yen and growing fears of a U.S. recession.
Exporters such as Nissan Motor Co (7201.T) and Sony Corp (6758.T) fell after the dollar hit a 2-1/2-year low below 106.60 yen JPY=.
At 0025 GMT the broad TOPIX was down 3.2 percent at 1,306.68 and the benchmark Nikkei average .N225 was down 2.5 percent at 13,620.33, a loss of 352.30 points. (Reporting by Elaine Lies)
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