Nikkei Near One Month Low Below 15,300

Japan’s Nikkei share average dropped 1.9 percent to a one-month low on Friday as declines in emerging market currencies spooked investors and the previous day’s weak China factory survey continued to hurt sentiment.

The Nikkei ended 304.33 points lower to 15,391.56, the lowest closing level since Dec 17. It was the biggest one-day fall since Jan. 14. The index dropped 2.2 percent this week, its third straight weekly decline.

A number of emerging country currencies came under pressure as many suspect the U.S. Federal Reserve will continue to cut its massive bond-buying stimulus at next week’s policy meeting.

Reuters

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