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Nikkei closes at fresh 2-1/2 month low on emerging market woes

Japan's Nikkei share average fell to a fresh 2-1/2 month low on Monday, extending its declines into a third day with little sign that emerging market woes have abated, and upcoming US jobs data keeping investors risk-averse.
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Tokyo:

Japan's Nikkei share average fell to a fresh 2-1/2 month low on Monday, extending its declines into a third day with little sign that emerging market woes have abated, and upcoming US jobs data keeping investors risk-averse.

The Nikkei slid 2 per cent to 14,619.13, its lowest closing level since November 13. The benchmark dropped below its 26-week moving average of 14,833.06.

The Topix shed 2 per cent to 1,196.32, with all of its 33 subsectors in negative territory.

The JPX-Nikkei 400, an index launched this year comprised of firms with high return on equity and strong corporate governance, fell 1.8 per cent to 10,834.99.

Copyright @ Thomson Reuters 2013



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