Nikkei slips to 2-month low on Syria worries, rising yen
TOKYO, Aug 28 (Reuters) - A selloff in global equities dragged Japan's Nikkei share average to a two-month low on Wednesday, as concerns over the implications of a possible U.S.-led military strike on Syria sent investors scurrying out of riskier assets and drove the safe-haven yen higher. The benchmark Nikkei slipped 1.5 percent to 13,338.46, it's third-straight day of losses and marked the lowest close since June 27 - the index had earlier slipped to 13,188.14. The broader Topix dropped 1.8 percent to 1,114.03 in thin trade. Despite the recent falls, the Nikkei is still up 28 percent this year, spurred by the government's expansionary fiscal policy and the Bank of Japan's aggressive monetary stimulus.
- White House reverses, says Obama met uncle and lived with him during law school
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Flights delayed as air pollution hits record in Shanghai
- Microsoft leads disruption of largest infected global PC network