Japanese Stocks Tumble as Yen Strengthens After Joint Intervention

Tokyo: Japanese stocks closed lower today, retreating from the one-week high recorded in the previous session, as the market was affected by the yen's rapid appreciation after Tokyo and Washington confirmed that they had conducted a joint intervention in the foreign exchange market late last week.

According to Saudi Press Agency, the Nikkei 225 fell 1% to close at 63,754.90 points, while the broader TOPIX index lost 1.1% to end trading at 3,960.03 points. Shares of 169 companies declined, compared with gains for 52 companies, with automakers among the biggest decliners.

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Preparatory Camp for Khaleeji 27 Referees Kicks Off in Jeddah

Jeddah: The preparatory camp for referees officiating the 27th Arabian Gulf Cup (Khaleeji 27), hosted by Saudi Arabia from September 23 to October 6, kicked off in Jeddah today.

According to Saudi Press Agency, Gulf Cup Football Federation Referees …

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