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Nikkei tumbles 2.5%

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The Japanese share market declined on Thursday, 10 September 2015, as investors opted to book part profit after a surprise miss in core machinery orders rekindled concerns about Asia's second-biggest economy. Meanwhile, heavy losses on Wall Street overnight and yen appreciation against greenback also weighed down investors' sentiments. Total 30 out of Topix's 33 industry groups declined, with Mining, Insurance, Oil & Coal Products, Foods, Transportation Equipment, and Pharmaceutical sectors being major losers. The Nikkei Stock Average dropped 470.89 points, or 2.51%, to end at 18299.62 points, following a 7.7% gain on Wednesday, the biggest daily gain since October 2008. The broader Topix index declined 1.85%, or 27.85 points, to 1479.52 at the close in Tokyo.

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First Published: Sep 10 2015 | 6:00 PM IST

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