Nikkei tumbles 2.3 pct on Italian election uncertainty

Tue Feb 26, 2013 1:14am EST

TOKYO, Feb 26 (Reuters) - Japan's Nikkei average stumbled
2.3 percent on Tuesday, its biggest one-day drop in more than a
month, as concerns grew that  inconclusive elections in Italy
could reignite the euro zone debt crisis.
    The Nikkei dropped 263.71 points to 11,398.81,
retreating from a 53-month high hit in the previous session
after sources said the Japanese government was likely to
nominate Asian Development Bank President Haruhiko Kuroda, an
advocate of monetary easing, as its next Bank of Japan governor.
    The broader Topix dropped 1.4 percent to 966.77.
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