Stock prices in Tokyo fell sharply on Thursday, as the key Nikkei index down more than 700 points amid fears of a recently observed price volatility.
The index Nikkei, which reflects the average share price 225 companies amounted to 13,589 points at the close of trading on Thursday, up 737 points lower than Wednesday. This is the second biggest drop in the index this year. The largest decline occurred on May 23.
A more general index Topix, reflecting the price of shares of all companies in the first section of the Tokyo Stock Exchange at the close of trading fell by 44 points compared to the previous day to a mark of 1,134 points.
Stock prices in Tokyo fell on Thursday across the range. Investors placed large orders for the sale, to avoid risks, after the information about the growth rate of the yen against the dollar.