ZCZC
BCN-05
JAPAN-STOCKS-MARKETS-DROP
Tokyo’s Nikkei 225 index drops more than 3% on Fed concerns
TOKYO, Dec 20, 2018 (BSS/AFP) – Tokyo’s benchmark Nikkei 225 index plunged
more than three percent on Thursday as investors voiced disappointment at the
US Federal Reserve’s cues on additional rate hike and growth outlook, with
worries over the global economy also weighing on the market.
The Nikkei was down 3.19 percent, or 668.69 points, at 20,319.23 in late
afternoon trade, while the broader Topix index dropped 2.59 percent, or 40.37
points, at 1,515.78.
BSS/AFP/MR/ 1134 hrs