Nikkei falls 2.7 pct, biggest one-day drop in 10 months, on Cyprus

Mon Mar 18, 2013 2:11am EDT

TOKYO, March 18 (Reuters) - Japan's Nikkei share average
dropped 2.7 percent on Monday, pulling back from a 54-month high
and posting the biggest drop in 10 months after a proposed bank
bailout for Cyprus spooked investors, strengthening the yen and
hurting economy-sensitive shares that have gained recently.
    The Nikkei dropped 340.32 points to 12,220.63. The
broader Topix fell 2.2 percent to 1,028.34.
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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