Japan's Nikkei slumps to weekly loss on US rate jitters, iPhone ban




Japan's Nikkei share average fell more than 1% on Friday, sending it to a first weekly loss in three, as the benchmark tracked Wall Street losses amid worries about tighter U.S. Federal Reserve policy and a Chinese iPhone ban.

Tech and industrial companies were among the biggest losers, with chip-making equipment giant Tokyo Electron dropping 3.83% to become the Nikkei's biggest drag, shaving off 85 index points.

Comments