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

Tuesday, 4 February 2014 00:17 -     - {{hitsCtrl.values.hits}}

Reuters: 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 U.S. jobs data keeping investors risk-averse. The Nikkei slid 2% to 14,619.13, its lowest closing level since 13 November. The benchmark dropped below its 26-week moving average of 14,833.06. The Topix shed 2% to 1,196.32, with all of its 33 subsectors in negative territory. The JPX-Nikkei Index 400, an index launched this year comprised of firms with high return on equity and strong corporate governance, fell 1.8% to 10,834.99.