Nikkei slides to two-month low

The Japanese share market finished the session near two-month low on Tuesday, 15 December 2015, as lack of fresh economic triggers and caution before the Fed outcome continued to weigh on the investors' moods. There's market consensus that rates will rise this week, but it is unclear what happens after that, refuelling demand for safe heaven Japanese yen. All 33 TSE industry groups decent, with the day's notable losers comprised Pulp & Paper, Banks Marine Transportation, Machinery, Nonferrous Metals, Iron & Steel, and Chemicals issues. The 225-issue Nikkei Stock Average retreated 317.52 points, or 1.68%, to 18565.90, a lowest level not seen since October 22, 2015, when it closed at 18435.87. The Topix index of all Tokyo Stock Exchange First Section issues dropped 25.33 points, or 1.66%, to 1502.55.

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