Reuters logo
Nikkei drops most in 6 weeks as U.S. political concerns bite
September 30, 2013 / 6:30 AM / in 4 years

Nikkei drops most in 6 weeks as U.S. political concerns bite

TOKYO, Sept 30 (Reuters) - Japan's Nikkei stock average
logged its biggest drop in six weeks on Monday as investors went
into risk-off mode and took profits on recent gainers amid
growing concerns over a possible U.S. government shutdown.
    The benchmark Nikkei shed 2.1 percent to 14,455.80,
its biggest one-day fall since Aug. 20. But the index rose 8
percent this month, posting its first monthly gain in five, and
is up 39 percent this year.
    The broader Topix dropped 1.9 percent to 1,194.10.
Trading volume was at a three-week low, with 2.70 billion shares
changing hands.
    Market participants were also awaiting an announcement by
Prime Minister Shinzo Abe on the government's economic growth
and tax strategy on Tuesday.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below