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Tokyo stocks tumble 1.43 pct as Swiss surprise strengthens yen

Xinhua, January 16, 2015 Adjust font size:

Tokyo stocks plunged 1.43 percent Friday after the Swiss National Bank unexpectedly removed its currency cap against the euro, which led to the yen's sharply rise.

The 225-issue Nikkei Stock Average slipped 244.54 points, from Thursday at 16,864.16. The index fell as much as 3 percent to 16, 592.57 during the day.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 12.87 points, or 0.93 percent, lower at 1,363.73.

Major declining sectors included sea transport, chemicals and fisheries.

The turnover was 2,714.3 billion yen (about 23.31 billion U.S. dollars). Endi