TOKYO, Sept 30 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.
RPT-UPDATE 1-With healthcare bill dead, U.S. Republicans turn to taxes
WASHINGTON, March 24 After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.