Asian shares plummet as investors chase safe-haven yen
December 21, 2015 3:00 am
Declines in Tokyo led the downfall in Asian stocks as traders sought the safety of the Japanese yen, weighing the prospects for global growth following the US tightened its policy and oil continued its rout.
The Bank of Japan changed its stimulus program to extend the maturities of government bonds it purchases and revealed new measures to buy exchange-traded funds.
The MSCI Asia Pacific Index lost 0.3%. Japan’s Topix index slid 0.9%, while the Kospi index climbed 0.2%.
The material has been provided by InstaForex Company – www.instaforex.com
Declines in Tokyo led the downfall in Asian stocks as traders sought the safety of the Japanese yen, weighing the prospects for global growth following the US tightened its policy and oil continued its rout.
The Bank of Japan changed its stimulus program to extend the maturities of government bonds it purchases and revealed new measures to buy exchange-traded funds.
The MSCI Asia Pacific Index lost 0.3%. Japan’s Topix index slid 0.9%, while the Kospi index climbed 0.2%.
The material has been provided by InstaForex Company – www.instaforex.com
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