and abroad.
>>> tokyo stocks ended the day
lower on a stronger yen.
the higher currency weighs on
profits of exporters when
repatriated.
let's go to the tokyo stock
exchange. .
>> the yenen strength is a big
concern for investors and caused
another selloff on monday.
the nikkei fell 4.4% finishing
at 15,751.
the broader topix down.61%.
a 17-month high against the
dollar during tokyo trading
hours.
chief cabinet secretary said the
currency's moves are one-sided
and japan will take action if
necessary.
major exporters were in for
losses as olympus fell 4% and
car makers toyota and honda were
also lower.
the nikkei started the week on
the back feet with manany trade