Nikkei Touches 2 Month Low

The Nikkei index ended below the 13,000 mark Thursday at its lowest level in two months, as selling was spurred by uncertainty over the course of U.S. monetary policy as well as disappointment with the government’s growth strategy.

The 225-issue Nikkei Stock Average closed down 110.85 points, or 0.85 percent, from Wednesday at 12,904.02, the lowest closing level since April 5. It moved between the low of 12,862.02 and the high of 13,238.53.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 19.26 points, or 1.77 percent, at 1,070.77.

All 33 sectors declined, led by machinery makers, utilities and metal products.

The Nikkei again fluctuated in nervous trading, sagging more than 150 points then rising over 220 points before finishing the session lower, in line with the movement of the currency market and futures trading, brokers said.

via Mainichi

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