Nikkei hits 8-wk closing low, politics weighs

Mon Jul 13, 2009 2:11am EDT
 
[-] Text [+]

TOKYO, July 13 (Reuters) - Japan's Nikkei average slid 2.6 percent, hitting its lowest close in eight weeks on Monday, hurt by growing political uncertainty after news that embattled Prime Minister Taro Aso is set to call a general election for Aug. 30.

But Kirin Holdings Co (2503.T) jumped nearly 8 percent and other brewers rose after Suntory Holdings Ltd said it was considering a merger with Kirin, which would create one of the world's largest beverage and food firms. [ID:nT358527]

The benchmark Nikkei .N225 dropped 236.95 points to 9,050.33, its lowest finish since May 18. It booked a nine-day slide, in which it lost 9.1 percent.

The broader Topix declined 2.3 percent to 852.42. (Reporting by Aiko Hayashi)

 

More News

Nikkei hits 10-mth high as construction stocks rise
Tuesday, 11 Aug 2009 01:58am EDT 
Nikkei hits 10-month closing high
Monday, 10 Aug 2009 04:42am EDT 
Nikkei hits 10-mth closing high; M'bishi Rayon soars
Monday, 10 Aug 2009 02:55am EDT 
MERGERS/DEALS (UPDATE 3)
Monday, 13 Jul 2009 04:01pm EDT 

Featured Broker sponsored link