Thursday, June 13, 2013

Nikkei Plunges On Dlr's Decline Vs Yen, Wall St Losses

TOKYO (NQN)--Tokyo stocks swooned Thursday, falling for a third straight day, with the Nikkei Stock Average plunging 843.94 points to end the day at 12,445.38.

The benchmark index fell to its lowest close since April 3, the day before the Bank of Japan began its latest round of monetary easing. The loss was the second largest so far this year.

The dollar's decline to the 94 yen range and overnight losses on Wall Street depressed Asian stocks across the board and darkened investor sentiment.

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