Japan Stocks Join Global Slump on Draghi Stimulus Disappointment
- Yellen signals to Congress that U.S. is ready for rate rise
- ECB extends bond buying, leaves monthly amount unchanged
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Japan’s Topix index fell by the most in a month, extending a global rout after the scale of the European Central Bank’s additional easing disappointed investors and the yen strengthened.
The Topix dropped 1.8 percent to 1,574.02 at the close in Tokyo, to cap a 1.3 percent weekly decline. All of its 33 industry groups fell, led by shippers. The Nikkei 225 Stock Average lost 2.2 percent to 19,504.48, the most since Sept. 29. The yen jumped 0.5 percent against the dollar on Thursday as investors sought haven assets after the ECB boosted stimulus by less than expected.