Nikkei slides 2.7 percent, yen rise feeds economy worry
TOKYO |
TOKYO (Reuters) - Japan's Nikkei average fell 2.7 percent on Wednesday in thin trade, marking its worst day in nearly a month as a stronger yen deepened worries about the longer-term outlook for Japan's economy.
Amid broad selling, shares of exporters such as Honda Motor Co (7267.T) were hit particularly hard due to the advance in the yen, which hovered within sight of a 15-year high against the dollar.
The benchmark Nikkei .N225 shed 258.20 points to 9,292.85, marking its biggest one-day percentage fall since July 16. The broader Topix .TOPX shed 2.4 percent to 834.45.
(Reporting by Elaine Lies; Editing by Chris Gallagher)
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