Tokyo stocks erased early gains to finish lower in Wednesday trading, as Turkey’s currency crisis fuelled concerns of contagion to other emerging economies and pressured Asian shares. The benchmark Nikkei 225 index, which jumped more than two percent on Tuesday, lost 0.68 percent or 151.86 points to 22,204.22. Tokyo shares opened higher after Wall Street advanced on Tuesday as Turkey’s lira recovered some ground. But they soon fell into negative territory as Turkey’s financial woes continued weighing on investor sentiment in the region, sending key Asian shares down. In individual stocks trade, shares of game makers plunged as China’s regulators have reportedly frozen approvals of game licenses amid a government shakeup.

Source: The Guardian August 15, 2018 09:56 UTC