Tokyo stocks fell today (October 17th) to close at a five-month low, hit by a stronger yen and concerns about the global economy.
After experiencing panicky selling earlier this year on fears about the global economic slowdown, "the market mood has cooled down, but the sense of caution still remains high," as the volatility index stays higher than normal levels, Yasuaki Amatatsu, an analyst of global market research at the Bank of Tokyo-Mitsubishi UFJ, told MarketWatch.
The benchmark Nikkei 225 index lost 1.40 per cent to 14,532.51, its worst finish since late May. The index has lost five per cent in the last four days.
The broader Topix index of all first-section issues was 1.53 per cent lower at 1,177.22. The dollar fell flat against the yen, standing at ¥106.31.
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