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| Tokyo's shares lower as yen maintains its strength against the dollar | Tokyo's shares lower as yen maintains its strength against the dollar |
| (35 minutes later) | |
| Japan's shares were down on Tuesday as the yen continued to hold strong against the US dollar. | Japan's shares were down on Tuesday as the yen continued to hold strong against the US dollar. |
| Japan's Nikkei 225 was down 0.12% at 18,895.01 points. | |
| A strong yen against the dollar is not good for Japan's big exporters as it makes their products more expensive to buy overseas. | A strong yen against the dollar is not good for Japan's big exporters as it makes their products more expensive to buy overseas. |
| Toshiba shares were down more than 7% on Tuesday after sinking 10% on Monday ahead of an expected announcement about job cuts. | |
| After Japan's stock market closed on Monday, the electronics giant said it would cut 6,800 jobs at its consumer electronics division. The numbers were worse than expected. | After Japan's stock market closed on Monday, the electronics giant said it would cut 6,800 jobs at its consumer electronics division. The numbers were worse than expected. |
| It also said it would report a record annual loss of 550bn yen ($4.53bn) and that more jobs would be lost from other sectors. | It also said it would report a record annual loss of 550bn yen ($4.53bn) and that more jobs would be lost from other sectors. |
| Also adding to investor worries, oil prices have fallen to levels not seen since 2004. | Also adding to investor worries, oil prices have fallen to levels not seen since 2004. |
| Brent crude sank to $36.05 a barrel - its weakest since July 2004 - before recovering slightly. | Brent crude sank to $36.05 a barrel - its weakest since July 2004 - before recovering slightly. |
| Oil prices have fallen sharply since last year, when they reached $115 per barrel, because of global oversupply on the market. | Oil prices have fallen sharply since last year, when they reached $115 per barrel, because of global oversupply on the market. |
| In Australia, the S&P/ASX 200 index was higher, up 0.21% at 5,119.70 in mid morning trade. | |
| Iron ore prices rose again overnight - to $40.46 a tonne. The commodity is Australia's biggest export. | Iron ore prices rose again overnight - to $40.46 a tonne. The commodity is Australia's biggest export. |
| In China, the Shanghai Composite was flat, down just 0.02% at 3,641.65, with Hong Kong's Hang Seng also little changed, up just 0.01% at 21,798.22. | |
| South Korea's benchmark Kospi index was down 0.24% at 1,975.96. |