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Nikkei drops 0.95%

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Capital Market
Japanese share market ended down on Monday, 09 March 2015, reacting to sizeable losses on the Wall Street on Friday after strong US non-farm payroll report refuelling expectations that the Federal Reserve may raise interest rates sooner than previously thought. Meanwhile, risk aversion selloff intensified after revised figures showing the nation's economy grew slower than previously estimated in the fourth quarter of last year. The Nikkei Stock Average retreated by 180.45 points, or 0.95%, to close at 18790.55, off an intra-day high of 18878.15 and day low of 18733.87. The broader Topix index decreased by 9.08 points, or 0.59%, to 1531.76.

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First Published: Mar 09 2015 | 4:50 PM IST

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