Japan stocks extend losses on China woes

Japanese share market ended sharply lower on Wednesday, 12 August 2015, as China's decision to devalue the yuan for a second day heightening concerns about the strength of China's economy damping the outlook for Japanese exporters. Total of 31 out of 33 TSE sectors declined, with shares of Iron & Steel, Mining, Nonferrous Metals, Chemicals, and Electric Appliances sectors being major losers. The Nikkei Stock Average declined 327.98 points, or 1.58%, to end at 20392.77 points. The broader Topix index ended 21.85 points, or 1.29%, lower at 1665.75 points.

Powered by Capital Market - Live News