Japanese Stocks Slump as Yen Gains Following U.S. Jobs Report

  • Equities pare losses in afternoon trading before Yellen speech
  • Insurers tumble on concerns U.S. investment income to diminish

Japan’s Topix index fell after the weakest U.S. employment report in almost six years sent the dollar plunging against the yen, clouding the outlook for exporters. Equities pared losses in afternoon trading.

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