TOKYO, Mar 14 (AFP): Tokyo investors will focus on the US Federal Reserve's policy meeting next week looking for for fresh trading cues following a big sell-off over the past week fuelled by fears over China's economy and the Ukraine crisis.
The benchmark Nikkei-225 index lost 3.30 per cent, or 488.32 points, to finish at 14,327.66 on Friday, losing 6.20 per cent over the week, its biggest five-day drop in of the year.
The Topix index of all first-section shares fell 3.22 per cent, or 38.76 points, to 1,164.70, marking a weekly drop of 5.84 per cent.
About half the Nikkei's losses came Friday as currency traders moved into the yen-seen as a safe-haven in times of turmoil-which is bad for exporters as it makes them less competitive overseas and shrinks repatriated foreign income.
China on Thursday released another set of poor indicators, just days after announcing a surprise trade deficit and slump in exports that have fuelled fears of a slowdown in the economic powerhouse and key driver of global growth.
Tokyo investors to eye Fed meeting next week
FE Team | Published: March 15, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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