Tokyo stocks close down 1.85 per cent

Japanese shares fell in trading Wednesday due to the strengthening of the yen and concerns about Brexit.

The benchmark Nikkei 225 Stock Average lost 290.34 points, or 1.85 per cent, to close at 15,378.99.

The broader Topix index shed 22.44 points, or 1.79 per cent, to close the day at 1,234.20.

Traders said there was nervousness on the market due to some British property funds withdrawing their investments because of the vote in favour of leaving the European Union.

A stronger yen makes Japanese goods less competitive overseas and erodes repatriated revenues.

Last update: Wed, 06/07/2016 - 11:26


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