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Japan's Nikkei hits 2-year low as US rate-hike bets, Ukraine tensions weigh

The Nikkei share average fell 2.5% to 26,890.94, its lowest level since Dec. 29, 2020

Tokyo: A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Oct. 11, 2019. Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war.
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Reuters
Japan's Nikkei index touched a two-year low on Tuesday, weighed down by investor caution over the situation in Ukraine, broadening inflationary risks and on concerns of a faster-than-expected U.S. rate hike by the Federal Reserve.
 
The Nikkei share average fell 2.5% to 26,890.94, its lowest level since Dec. 29, 2020.
 
At 0516 GMT, the Nikkei index was down 2.1% at 27,001.91.
 
The broader Topix lost 2.18% to 1,887l.70.
 
The Mothers Index of start-up shares fell more than 5% to its lowest since April 2020.
 
Technology stocks dragged the Nikkei lower, with start-up investor SoftBank Group losing 5.75%, chip-making equipment maker

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First Published: Jan 25 2022 | 11:30 AM IST

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