Tokyo Stock Exchange fell over 3 percent – Västerbotten Courier

The Tokyo Stock Exchange fell by over 3 percent in early trading after Tuesday’s decline on Wall Street. Increased concern about the consequences of the British parting with the EU weakened the pound and the yen strengthened, which is negative for the major Japanese export companies.

The Nikkei 225 index fell 3.1 percent, while the broader Topixindexet plummeted 3.0 percent . All the 33 sectoral indices included in the Topix was on red.

– We are very, very cautious, said equity strategist Isao Kubo at Nissay Asset Management, which estimates that uncertainty has increased.

in Hong Kong fell leading the Hang Seng index 1.9 percent and the Shanghai Stock Exchange composite index sank 0.4 percent.

in Singapore, Malaysia, India and Indonesia’s stock markets closed due to public holiday.