Japan’s Nikkei falls 3% on stronger yen

Japanese stocks fell as much as three per cent on Monday as the yen strengthened against the dollar and semiconductor stocks suffered a sell-off. The Nikkei index sank to 38,496.66 in afternoon trade before bouncing back to sit 2.91 per cent lower. The broader Topix shed 3.14 per cent, or 85.66 points, to 2,641.14. Iwai