index "Nikki" Japan declines 3.7 due to concerns related to the technology sector

TOKYO, June 8, 2017 (WAM) – Japan’s Nikkei index fell by more than three percent, while the yen traded above the 160 level against the dollar today, in light of renewed concerns about the valuations of technology companies’ stocks.

The Nikkei fell 3.7 percent to 64,108.44 points in early trading. The broader Topix index fell 2.19 percent to 3,863.09 points.

The biggest losers on the Nikkei index were Ibiden Company shares, which fell 12.6 percent, followed by Screen Holdings Company shares, which fell 10.1 percent, and Sumitomo Electric Company shares, which lost 9.5 percent.

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