Farm Goods: Points and Monday

farm goods: It lost 27.58 points Monday, according to The Japan Times. The market suffered a precipitous fall right after the opening bell, with the Nikkei losing over 600 points as investors rushed to sell a broad range of issues in view of the Dow Jones Industrial Average closing 767.27 points lower Monday to mark the steepest closing point loss so far this year. The Nikkei 225 average fell 134.98 points, or 0.65 percent, to end at 20,585.31 after tumbling 366.87 points on Monday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, closed 6.65 points, or 0.44 percent, lower at 1,499.23. The U.S. government's designation of China as a currency manipulator and Chinese firms' halt in purchasing U.S. farm goods threw cold water over already shrunken investor sentiment amid the trade conflict between the two economic superpowers, brokers said. The yen's quick weakening against the dollar, the U.S. stock index futures market's recovery in off-hours trading and speculation about Bank of Japan purchases of exchange-traded funds prompted investors to buy back shares, brokers said. But after the initial wave of selling, both the Nikkei and Topix bounced back. (news.financializer.com). As reported in the news.

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