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Nikkei ends at six-month low

Nikkei ends at six-month low
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First Published: Thu, Sep 11 2008. 11 35 AM IST
Updated: Thu, Sep 11 2008. 11 35 AM IST
Reuters
Tokyo: The Nikkei average fell 2% to a nearly six-month closing low on Thursday, with banks like Mitsubishi UFJ Financial Group suffering after Lehman Brothers failed to alleviate worries about its ability to survive the credit crisis.
Blue-chip exporters such as Canon Inc dropped amid uncertainty about the health of the global economy, while sharp slides in other Asian equity markets during the afternoon added impetus to the Nikkei’s decline.
The benchmark Nikkei average ended down 244.13 points at 12,102.50, its lowest close since 18 March. The broader Topix declined 2.5% to 1,162.72.
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First Published: Thu, Sep 11 2008. 11 35 AM IST
More Topics: Markets | Japan | Stocks | Nikkei | Topix |