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Nikkei plunges on yen's rise, weak China data
Published in Saudi Press Agency on 21 - 10 - 2014

AlHijjah 27, 1435, Oct 21, 2014, SPA -- Japan's benchmark Nikkei 225 Stock Average fell 2 per
cent Tuesday for the first decline in two days as sentiment was
undermined by a stronger yen and disappointing Chinese growth data, dpa reported.
The Nikkei lost 306.95 points, or 2.03 per cent, to end at 14,804.28
while the broader-based Topix index was down 18.98 points, or 1.55
per cent, at 1205.36.
Growth in China dropped to 7.3 per cent year-on-year in the third
quarter, the lowest in five years, and below the target of 7.5 per
cent for the year, the Chinese National Bureau of Statistics said
Tuesday.
The rate was also down from the 7.5 per cent reported in the previous
three-month period from April to May, the bureau said.
On currency markets at 3 pm (0600 GMT), the dollar traded at
106.39-40 yen, down from Monday's 5 pm quote of 107.06-07 yen.
The euro was quoted at 136.37-39 yen, down from 136.70-71 yen late
Monday.


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