By  on August 7, 2013

TOKYO — Japanese stocks lost considerable ground Wednesday as the yen strengthened against the dollar and the euro.

The Nikkei 225 slumped 4 percent to close the session at 13,824.94. Other Asian stocks were mostly lower in late-day trade, with Hong Kong's Hang Seng shedding 1.34 percent. Singapore's Straits Times was edging up into positive territory, gaining 0.09 percent.

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