Japanese shares fall despite stimulus

Tokyo, Japan (BBN)– Japanese shares traded lower on Wednesday, continuing a global sell-off on US and European stock markets.
Tokyo’s Nikkei 225 was down by 1.3 per cent to 16,187.34 points, reports BBC.
Investor mood failed to be lifted by Tuesday’s large stimulus package as economists doubt it will have much of an impact on the country’s sluggish economy.
Wall Street markets fell on Tuesday with indexes registering some of their biggest losses in a month.
Elsewhere in Asia, markets also took their lead from Wall Street.
China’s benchmark Shanghai Composite edged 0.3 per cent lower to 2,961.55 while in Hong Kong the Hang Seng fell 1.6 per cent to 21,776.95.
South Korea’s benchmark Kospi dropped 1.1 per cent to 1,996.19.
In Australia, the ASX/200 fell 0.9 per cent to 5,491.50 points.

BBN/PA/SSR

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