Nikkei slips to two-week closing low

Japan’s Nikkei average edged down to its lowest close in more than two weeks on Monday as its technical picture darkened,with market players saying the next target could be the six-month low hit earlier this month.

Toyota Motor Corp fell to a 15-month closing low after news it was recalling and temporarily halting sales of its 2010 Lexus HS250h hybrid sedan due to a potential fuel leak problem.

The benchmark Nikkei slipped 0.5 per cent to 9,693.94,its lowest close since June 10,while the broader Topix shed 0.8 per cent to 860.80.