News Column

Nikkei plunges to 2-month low on intensifying geopolitical risks

August 7, 2014

Tokyo stocks dropped sharply Friday, with the Nikkei index hitting a two-month low, as intensifying geopolitical risks including possible airstrikes on Iraq by the United States took a toll on investor sentiment.

The 225-issue Nikkei Stock Average ended down 454.00 points, or 2.98 percent, from Thursday at 14,778.37, its lowest finish since May 30. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 29.86 points, or 2.37 percent, lower at 1,228.26.

All sectors closed lower, led by nonferrous metal, precision machinery and consumer finance shares.

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Source: Japan Economic Newswire

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