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This Article is From Aug 07, 2013

Nikkei suffers biggest one-day fall in eight weeks

Tokyo:

Japan's Nikkei average tumbled 4 per cent on Wednesday, suffering the biggest one-day percentage 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 per cent to 1,155.26 in relatively thin trade, with all of its 33 sectors falling.

Toyota Motor Corp slipped 2.4 per cent and Sony Corp fell 4.3 per cent, while index heavyweights Fast Retailing Co and SoftBank Corp slid 6.1 per cent and 4.7 per cent, respectively.

Copyright: Thomson Reuters 2013

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