Japanese shares fall 1% as yen strengthens

Japanese shares fall 1% as yen strengthens Asia markets were mixed on Monday, after a weekend dominated with Donald Trump inauguration headlines, including plans to possible renegotiate the North American Free Trade Agreement and abandon the Trans-Pacific Partnership (TPP) deal.

Japan’s Nikkei 225 dropped 1.06 percent, likely weighed by the advancing yen as the dollar/yen pair slipped below the 114 handle.

In South Korea, the Kospi was up 0.31 percent, as the political saga continues with President Park Geun-hye’s culture minister and her former presidential adviser arrested on Saturday over allegations that they blacklisted artists critical of the government, Reuters reported.

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Posted in: Indian Market Tips