Tuesday, February 26, 2013

Nikkei Widens Losses On Pause In Yen-Selling

TOKYO (NQN)--Tokyo stocks widened their losses at the opening of the afternoon session Tuesday, with the Nikkei Stock Average sliding about 230 points to the lower-11,400 level.

The dollar weakened to the lower-92 yen level and the euro slid to the lower-120 yen line, prompting investors to sell exporters.

The broader Topix index also fell faster after losing nearly 1% in the morning. Speculation is easing that the Bank of Japan will buy index-linked exchange-traded funds.

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