Japan’s Topix index slumped, fell below the 1500 level again on a closing price basis wiping out this year’s advance after the yen climbed to its highest since March last year on global trade concerns and political uncertainty.
The benchmark measure fell 1.2% Tuesday, resuming trade after a three-day weekend. It is down 0.5% year-to-date and one of the worst performers among the 24 developed markets tracked by Bloomberg. The yen maintained gains after rising 1.1% against the dollar over the past four sessions and is trading around 105.28 to the dollar.
Fibergate and Bookoff was the biggest gainer of the day, climbed by 17.53% and 16.13% respectively. Meanwhile, the worst performers were CAC Holdings Corp and B-Lot Company which declined by 14.37% and 14.20% respectively.
The number of ups and downs in the 1st section of the Tokyo Stock Exchange was 444 stocks with an increase in price, 1655 stocks with a decline, and 50 stocks unchanged.