Economic news

Review: Investors look for "safe havens" in yen and gold

Investors sought safe harbors for their funds on Wednesday as disturbing geopolitical news pushed the yen and gold to five-month peaks.

The Japanese index Nikkei fell by 1.2%, as a strong yen affected the shares of exporters.

MSCI's broadest index of Asia-Pacific shares fell by 0.4%, as China communicated an easy deceleration in producer price inflation.

Meanwhile, gold rose to $1277.29 an ounce to its highest level since November 10.

Photo: REUTERS/Kim Kyung-Hoon

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