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    Market Report - Yen Rises, Nikkei Slides


    by NTDTelevision

    In today’s market report… the yen rose against the dollar and euro after a Federal Reserve meeting, sending Japanese shares tumbling Wednesday.

    The U.S. central bank left interest rates unchanged.

    The yen, which is near 15-year-highs, edged up, prompting investors to sell shares of Japanese exporters exposed to the strong currency.

    Honda and other carmakers dropped, while Sony and consumer electronics firms also eased.

    Japan's finance minister called the foreign exchange moves "one-sided," saying he is watching the market closely.

    Elsewhere in Asia, the Fed's move did little to shore up confidence that further U.S. economic slowdown was imminent and share markets were flat to lower.

    A decline in copper prices weighed on Australian miners BHP Billiton and Rio Tinto, while in South Korea world No.2 memory chip maker Hynix fell, hit by concerns about weak PC sales and a brokerage ratings downgrade for Intel.