Nikkei 225 falls 1.4% as yen hits record high against the dollar
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The Nikkei 225 lost another 1.4 per cent today, closing at 8,962, as concerns over damage to a number of Japan’s nuclear reactors continue.
The yen hit a post-world war high against the dollar, reaching 76.25 yen at one stage before falling back to 79.14 yen during US trading hours.
Japan’s stocks rebounded on Wednesday when the Nikkei 225 closed up 5.68 per cent to 9,094.
The index registered a fall of over almost 17 per cent on Monday and Tuesday this week following the earthquake and tsunami which hit the country on Friday and has claimed over 10,000 lives.
The S&P 500 closed down 1.95 per cent to 1,257 while the Dow Jones Industrial Average was down 2.04 per cent to 11,613.
The FTSE 100 was up 0.77 per cent this morning to 5,631 by 8.40, following heavy falls yesterday.
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