market gauge: On Wednesday, the key market gauge shed 104.94 points, according to The Japan Times. The Topix index of all first-section issues finished down 20.81 points, or 1.32 percent, at 1,555.01, after falling 8.41 points the previous day. The 225-issue Nikkei average lost 261.02 points, or 1.32 percent, to close at 19,553.86. Heavy selling hit the Tokyo market from the beginning of Thursday's trading after U.S. equities plunged overnight, with the Dow Jones industrial average closing down 1.78 percent. Stocks resisted further falls in the afternoon in line with a pause in the yen's rise, but the market stayed deep in negative territory throughout the day. Export-oriented stocks and other mainstay issues suffered sharp losses as the dollar briefly retreated below 111, pushing down the Nikkei average over 360 points in the middle of the morning session.
(news.financializer.com). As
reported in the news.
Tagged under market gauge, dow jones topics.