The Japan share market closed lower for second straight session on Wednesday, 03 August 2016, pressured by heavy selling due poor showing on Wall Street overnight and the yen's jump to a three-week high versus the U.S. dollar. Investor sentiments were also underwhelmed by a government stimulus package. After Tokyo's markets closed on Tuesday the government unveiled details of a 28 trillion yen ($273 billion) fiscal plan to kickstart the economy, but the latest of several such attempts over the years fell flat. The programme includes 6.0 trillion yen in low-interest loans and just 7.5 trillion yen in fresh spending -- about a quarter of the total -- by the national and local governments. The announcement came after the Bank of Japan disappointed markets with modest tweaks to its own stimulus measures on last Friday. The 225-issue Nikkei average dived 308.34 points, or 1.88%, to end at 16,083.11. The Topix index of all first-section issues dropped 28.22 points, or 2.17%, to close at 1,271.98, after falling 21.63 points the previous day.
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