Japanese shares lead Asian and European stocks lower as the yen strengthens for a second day...

|By:, SA News Editor
Japanese shares lead Asian and European stocks lower as the yen strengthens for a second day following comments from the country's economy minister that the currency's declines have gone far enough. "The correction was rapid because the market went up too fast," says technical analyst Shoichiro Yamauchi. "The yen weakened too quickly, making investors adjust their positions." Japan -2.6%, Hong Kong -0.1%, China -0.7%, India -0.3%. EU Stoxx 50 -0.4%, London -0.4%, Paris -0.3%, Frankfurt -0.4%, Milan -0.9%, Madrid -0.7%.