Asian shares drop as banks come under pressure, yen soars

Asian shares drop as banks come under pressure, yen soars

Friday, April 08, 2016
Epic Research Update : Asian Markets

Asian shares drop as banks come under pressure, yen soars Asian shares extended losses to three-week lows on Friday after bank shares slumped globally, while the yen soared to a 17-month high against the dollar as investors unwound bets against the yen, calculating that any effort by Japan to drive down the yen would be vigorously opposed by other major economies. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent while Japan’s Nikkei dropped 1.4 percent to near-two-month lows, with financials coming under pressure.

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