Japanese stocks end down 1.78pc

TOKYO: Japanese stocks fell 1.78 percent on Tuesday, ending at a five-week low as investors worried about a stronger yen as well as speculation that China will act to cool its economy, dealers said.

The Tokyo Stock Exchange's benchmark Nikkei-225 index declined 187.41 points to 10,325.28, the weakest level since December 21. The broader Topix index of all first-section shares lost 18.19 points, or 1.95 percent, to 916.40.

Speculation that Beijing will increase credit controls soon to prevent its fast-growing economy overheating weighed on sentiment across Asia.

Investors in Tokyo were also nervous about the outlook for Japanese exporters after the dollar dropped below the key 90 yen level.

Some market players also appeared to be disappointed that the Bank of Japan did not announce fresh measures to tackle deflation at its latest meeting.

Top Blog Discussion - Suggestions, Updates > Stories & Info. Design by Wpthemedesigner. Converted To Blogger Template By Anshul Tested by Blogger Templates.