Tuesday, 9 February 2016

Intraday -Asia stocks sharply lower, following US, Europe sell-off

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Australian and Japanese markets were sharply lower on Tuesday, after another sell-off in US and European stocks overnight. 

Nikkei 225, which halted a four-session decline to close up on Monday, dropped 4.48 percent. The dollar-yen pair was down 0.60 percent at 115.13, falling below the 116-level overnight and marking its lowest levels since November 2014. 

Japan's Finance Minister Taro Aso said Tuesday that the yen's moves were "rough," adding that he'll be watching the moves closely, Reuters reported.

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