Japan’s Nikkei dropped to three-week lows on Friday morning on fresh concern about the growth after the European Central Bank decided to delay its first post-crisis interest-rate hike, pulling down Japanese shares across the board.
At midday, the Nikkei share average was down 1.5 percent at 21,142.75. It touched 21,102.79, the lowest level since Feb. 14. The index, down the past three days, has declined 2.2 percent this week.
The broader Topix dropped 1.3 percent to 1,580.97. Declining issues outnumbered advancing ones 1,974 to 129.
All of the Topix’s 33 subsectors were in the red, with cyclical stocks such as shippers and machinery firms leading the losses.
Source : Reuters