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Nikkei suffers biggest one-day fall in eight weeks

The benchmark Nikkei shed 576.12 points to a one-week low of 13,824.94

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Reuters Tokyo

 

Japan's Nikkei average tumbled 4% on Wednesday, suffering the biggest one-day%age loss since mid-June as the dollar fell to a six-week low to the yen, while heavyweights were sold off ahead of Friday's options settlement.
 
The benchmark Nikkei shed 576.12 points to a one-week low of 13,824.94. The broader Topix dropped 3.2% to 1,155.26 in relatively thin trade, with all of its 33 sectors falling.
 
Toyota Motor Corp  slipped 2.4% and Sony Corp  fell 4.3%, while index heavyweights Fast Retailing Co and SoftBank Corp  slid 6.1% and 4.7%, respectively.

 

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First Published: Aug 07 2013 | 11:45 AM IST

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