Tokyo stocks plunge in morning as U.S. jobs data spur rate hike fears


Tokyo stocks plunged Wednesday morning, with the Nikkei index briefly losing over 2 percent, after stronger-than-expected U.S. job openings data fueled concern over further interest rate hikes by the Federal Reserve.

On the currency market, the U.S. dollar was off from a one-year high above the 150 yen line overnight, after it plunged to as low as 147.30 yen in a suspected yen-buying intervention by Japanese authorities.

The 225-issue Nikkei Stock Average fell 603.05 points, or 1.93 percent, from Tuesday to 30,634.89. The broader Topix index was down 45.71 points, or 2.01 percent, at 2,229.76....

Kyodo News

Kyodo News