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Stocks

Market Scramble: US spring storm rattles Tokyo stocks

Investors shelter in cash-rich and high-dividend shares as Trump optimism sours

Game maker Nintendo is a cash-rich company, the likes of which investors are seeking for stability.

TOKYO -- The cherry blossoms had only just begun to bloom here when a storm blew in from the U.S. on Wednesday, giving investors further cause to seek shelter as optimism faltered for President Donald Trump's business-friendly agenda.

The Nikkei Stock Average finished 2.1% lower for a third straight losing session, in its steepest drop since the "Trump rally" began in November. A strengthening yen also unsettled the market.

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