Tokyo, June 8 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average briefly gave up over 2,600 points on Monday morning, reflecting a drop in the U.S. market late last week. At 9:19 a.m., the index of 225 selected issues listed on the Tokyo Stock Exchange’s top-tier Prime section was down 2,601.1 points, or 3.91 pct, from the previous trading day at 63,987.02. A wide range of issues came under selling pressure from the outset, reflecting declines in major U.S. stock indexes on Friday amid heightened speculation over a possible interest rate hike in the United States. END [Copyright The Jiji Press, Ltd.]
Nikkei Briefly Sheds over 2,600 Points in Morning