Nikkei falls 1 pct, pressured by stronger yen and Wall St losses

By Kitco News / June 06, 2017 / www.kitco.com / Article Link

TOKYO, June 6 (Reuters) - Japan's Nikkei share average slumped on Tuesday, surrendering the 20,000 level after losses on Wall Street and a stronger yen sapped sentiment.

The Nikkei ended down 1 percent at 19,979.90, moving away from Friday's high of 20,239.81, which was its loftiest since August 2015.

U.S. stocks edged down on Monday, and a stronger currency also weighed on Japanese shares.

The dollar dropped 0.7 percent to 109.69 yen , swooning to six-week lows despite wide market expectations that the U.S. Federal Reserve will raise interest rates at its June 13-14 meeting. The broader Topix shed 0.8 percent to 1,596.44, while the JPX-Nikkei Index 400 dropped 0.9 percent to 14,235.25.


(Reporting by Tokyo markets team; Editing by Jacqueline Wong)

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