Nikkei falls to lowest level in more than six weeks

Headline equities of the Japanese market continued to slide on Tuesday, 16 December 2014, dragging the benchmark indices to lowest settlement in more than six week. The selloff pressure mounted due to combination of yen appreciation against the major currencies, faltering crude prices and rekindled fears about Russia's economic outlook. The benchmark Nikkei Stock Average slipped 2.0% to end at 16,755.32, its lowest closing mark since October 31.

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