February 24, 2009 / 2:14 AM / 10 years ago

Nikkei sheds 2.6% on exporters, 26-yr low in sight

TOKYO, Feb 24 (Reuters) - Japan’s Nikkei stock average slid 2.6 percent on Tuesday, hurt by exporters such as Canon Inc (7751.T) after worries about financial system stability sent U.S. stocks to a 12-year low.

Japanese Finance Minister Kaoru Yosano said the government was studying measures to support the stock market, while the Nikkei briefly fell as low as 7,155.16, breaking below the Oct. 27 closing level of 7,162.90, its lowest finish since October 1982. [ID:nT359930]

The benchmark Nikkei .N225 declined 191.66 points to 7,184.50, after ending the previous day at 7,376.16, its lowest close since Oct. 27.

The broader Topix .TOPX retreated 1.8 percent to 721.87, after booking a 25-year closing low for the second day in a row on Monday. (Reporting by Aiko Hayashi)

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