This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-36514274

The article has changed 4 times. There is an RSS feed of changes available.

Version 1 Version 2
Stronger yen sees stocks in Japan open lower Japan's Nikkei falls 3.5% as yen strengthens
(about 7 hours later)
Japan's benchmark Nikkei 225 was down more than 2% in early trade on Monday as a stronger yen hurt big exporters like Toyota. Japan's benchmark Nikkei 225 finished Monday's session down 3.5% at 16,019.18 as a rise in the value of the yen hurt big exporting companies such as Toyota.
Investors were also wary ahead of central bank meetings later this week. Investors remained cautious ahead of meetings later this week by the US Federal Reserve and the Bank of Japan, although no rate cuts are expected.
The US Federal Reserve and the Bank of Japan are both due to hold meetings, however, no big rate moves are expected. Uncertainty over the UK's EU referendum is also affecting the markets.
Toyota's shares were down by more than 1.8%, Honda's shares were 2.8% lower, while Nissan's fell by nearly 2.5%. The yen is often regarded as a haven in times of uncertainty, and the dollar weakened to below 106 yen.
By mid-morning, the Nikkei 225 had fallen further into negative territory and was down close to 2.5% at 16,193.06 points. Shares in Toyota closed down by more than 3.5%, Honda's shares were 4% lower, while Nissan's fell by 4%.
Meanwhile, South Korea's benchmark Kospi index was also in negative territory on Monday, down 1.45% at 1,988.33. The Nikkei's close on Monday marks a five-week low and the third straight session of losses.
In China, markets were following the regional downward trend. Hong Kong's Hang Seng index was down 2.15% to 20,586.71, while the Shanghai Composite was down 1.22% to 2,890.55. In China, markets were following the regional downward trend. Hong Kong's Hang Seng index was down 2.76% to 20,465.31, while the Shanghai Composite was down 1.66% to 2,878.64.
Among a raft of economic data released by Beijing earlier, figures showed that growth in China's fixed-asset investment - a key measure of infrastructure spending - slowed in the January-to-May period.
Investment increased by 9.6% from the same period a year earlier, but this was the first time the rate had fallen below 10% since 2000.
Separate figures showed Chinese industrial output grew at a rate of 6% in May compared with a year ago. The industrial output numbers were in line with most expectations and unchanged from the previous month.
Retail sales in China grew 10% in May from a year earlier, also in line with most expectations.
South Korea's benchmark Kospi index closed down 1.9% at 1,979.06.
In Australia, stock markets are closed for the Queen's birthday long weekend.In Australia, stock markets are closed for the Queen's birthday long weekend.