City Index

Nikkei Hits 2-and-a-half-year Low on Greece Concerns

 

London, England -- (SBWIRE) -- 09/28/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 26th September 2011.

The Nikkei 225 slipped to a two-and-a-half-year closing low during trading today (September 26th), amid continued concerns about eurozone debt and a default in Greece.

Reuters reports the index shed 2.2 per cent to close on 8,374.13 points, with trading companies among the worse hit.

Mitsui & Co dropped 5.9 per cent to 1,172 yen (£9.95), while Mitsubishi Corp shed 7.9 per cent to finish on 1,565 yen.

A weak profit forecast for Nippon Electric Glass caused the company to end the day 12.3 per cent lower on 656 yen, while there was also a decline for Japanese telecoms firm KDDI Corp.

The market was tracking falls seen around Europe and on Wall Street, where stocks have suffered recently due to mounting worries about Greece and the ramifications of the country defaulting on its debt.

According to the news agency, the FTSE 100 is forecast to open as much as 0.4 per cent down this morning, following the dips around Asia.

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