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Nikkei sheds 2pc on technicals

Wednesday, September 26 07:42:48

Japan's Nikkei share average shed 2pc and hit a two-week closing low, as a mass of companies went ex-dividend, while concerns over debt laden Spain also dampened sentiment.

About 55 percent of Topix companies have passed the deadline for buyers of the stocks to get rights to first-half dividends.

The Nikkei ended 184.84 points down at 8,906.70, breaking below its 25-day moving average at 8,983.84, while the broader Topix index dropped 2 percent to 742.54. ( C) Reuters

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