Nikkei falls to near 1-week low as strong yen drags down exporters

lunes 7 de marzo de 2016 22:15 GYT
 

* Nikkei's drop extends as USD falls below 113 yen

* Japan's Q4 GDP has little impact but does not help mood

* SoftBank outperforms after announcing reorganization plan

By Ayai Tomisawa

TOKYO, March 8 (Reuters) - Japan's Nikkei share average fell to a near one-week low on Tuesday as a stronger yen kept investors on edge, dragging down stocks across the board.

The dollar dipped below 113 yen in early morning trade. At 0149 GMT, the pair stood at 112.85.

The Nikkei fell 1.8 percent to 16,610.06 points by midmorning, after touching as low as 16,599.73, the lowest since March 2.

In particular, exporters took a hit, with Toyota Motor Corp falling 1.6 percent, Honda Motor Co dropping 2.0 percent and Nissan Motor Co tumbling 3 percent.

As investors have become risk averse, financials also lost ground. Mitsubishi UFJ Financial Group shed 3.2 percent, Mizuho Financial Group declined 1.6 percent and Nomura Holdings dropping 2.5 percent   Continuación...