Nikkei Drops to More Than 1-Week Low as Political Issue Saps Risk Stance
Monday, 19 March 2018 11:01 WIB | MARKET UPDATE |Nikkei 225Saham JepangIndeksTopix

Japan™s Nikkei share average dropped to more than a one-week low on Monday morning as investors repsonded to opinion polls showing falling support for Prime Minister Shinzo Abe amid a cronyism scandal that has gripped the country.

The Nikkei fell 1.2 percent to 21,424.13 in midmorning trade, dropping below its 25-day moving average of 21,671.87. Earlier it fell as low as 21,366.88, its lowest since March 9.

The broader Topix shed 0.9 percent to 1,721.82, with 30 of its 33 subsectors in negative territory.

Source : Reuters

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