Nikkei Tumbles 3% As Sharply Stronger Yen Hits Exporters

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Tokyo: Tokyo’s benchmark stock index tumbled three per cent in morning trade Monday as a sharp jump in the yen dented exporters, with worries about the global economy and Britain’s EU vote casting a dark cloud over markets.

The Nikkei 225 slumped 3.03 per cent, or 502.86 points, to 16,098.50, extending a global sell-off, while the broader Topix index of all first-section shares was down 2.95 per cent, or 39.26 points, to 1,291.46.