Nikkei falls 1 pct, pressured by stronger yen and Wall St losses

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

TOKYO, June 6 (Reuters) - Japan's Nikkei share average slumped on Tuesday, surrendering the 20,000 level after losses on Wall Street and a stronger yen sapped sentiment.

The Nikkei ended down 1 percent at 19,979.90, moving away from Friday's high of 20,239.81, which was its loftiest since August 2015.

U.S. stocks edged down on Monday, and a stronger currency also weighed on Japanese shares.

The dollar dropped 0.7 percent to 109.69 yen , swooning to six-week lows despite wide market expectations that the U.S. Federal Reserve will raise interest rates at its June 13-14 meeting. The broader Topix shed 0.8 percent to 1,596.44, while the JPX-Nikkei Index 400 dropped 0.9 percent to 14,235.25.


(Reporting by Tokyo markets team; Editing by Jacqueline Wong)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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