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This is an archive article published on May 6, 2010

Nikkei at 2-mth closing low

The countrys stock markets were hit by euro zone woes.

Along with most stock markets in the world,Japan8217;s Nikkei average slid 3.3 percent to a two-month closing low on Thursday,catching up with falls in other markets after a string of holidays in Japan,as more signs emerged that fallout from the Greek debt crisis may spread to bigger European economies.

The Nikkei8217;s fall was its biggest one-day percentage loss since March 2009.

Shares of exporters such as Canon Inc took a beating after the euro hit a two-month low against the yen below 120 yen the previous day,while resource-linked shares tumbled after metals prices sank to multi-month lows.

The benchmark Nikkei closed down 361.71 points at 10,695.69 after falling as low as 10,682.61. The broader Topix fell 3.1 percent to 956.72.

 

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