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Nikkei drops below 13,000, hit by China cash crunch worries
June 26, 2013 / 6:06 AM / 4 years ago

Nikkei drops below 13,000, hit by China cash crunch worries

TOKYO, April 26 (Reuters) - Japan's Nikkei share average
closed below the 13,000-mark on Wednesday in volatile trade as
worries about a cash crunch in China continued despite
assurances from Beijing's central bank that it will offer funds
to banks if needed.
    The benchmark Nikkei ended 1.0 percent lower at
12,834.01. Earlier, it rose as much as 1.7 percent on robust
U.S. data, Wall Street gains and the Chinese central bank's
statement late Tuesday.
    The broader Topix shed 0.9 percent to 1,069.28.

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