Tokyo shares skid as Japan slips into recession
Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven-year low against the dollar. |||
Tokyo – Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven-year low against the dollar touched after news Japan unexpectedly fell into recession in the third quarter. Meanwhile, Shanghai and Hong Kong opened around 1 percent higher but quickly erased gains on suspected profit-taking by traders who had positioned for the launch of the Stock Connect scheme that will let Hong Kong and Shanghai investors buy and sell shares on each other’s bourses. “The …read more
Source: Independent Online
