Japan stocks drop amid US rate rise outlook

Source: Bloomberg
© Scanpix/FP
Japanese stocks slumped, when the US labour market data boosted speculation of an interest rate raise in the world's biggest economy. Real-estate stocks dropped along with Mitsubishi Estate Co. falling 2%. The Topix index declined 0.6% to 1,531.76, erasing last week's 1.1% advance. Moreover, The Nikkei 225 Stock Average lost 1% to 18,790.55.
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