Nikkei falls to 8-month lows

The Japanese share market tanked to eight-month lows on Tuesday, 29 September 2015, as risk aversion selloff triggered on renewed concerns over the Chinese economic slowdown and its impact on global markets. Tuesday's plunge was also spurred by the yen's strengthening against the dollar and large-lot futures-led selling. All 33 first-section sector sub-indexes finished lower, with Marine Transportation, Iron & Steel, Pharmaceutical, Wholesale Trade, Air Transportation, Information & Communication, and Mining issues being major decliners. The Nikkei Stock Average dropped 714.27 points, or 4.05%, to end at 16930.84 points. The broader Topix index retreated 4.39%, or 63.15 points, to 1375.52 at the close in Tokyo, the lowest since 19 January 2015.

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