Tokyo stocks drop more than 2% by break as yen, oil prices weigh

278

TOKYO: Tokyo stocks dropped more than two percent on Tuesday morning, as exporters took a hit after the yen neared its highest level against the dollar in a year and a half, while lower oil prices hit energy shares.

The Nikkei 225 index at the Tokyo Stock Exchange was down 2.19 percent, or 353.46 points, to 15,769.81 by the lunch break, falling for the sixth session in a row.

The broader Topix index of all first-section shares fell 2.33 percent, or 30.33 points, to 1,272.38.