Nikkei ends at near 2-week low; weak euro hits precision equipment cos

  • Reuters
  • Stock Market News
Nikkei ends at near 2-week low; weak euro hits precision equipment cos
Credit: © Reuters.

TOKYO, March 1 (Reuters) - Japan's Nikkei share averageclosed at a near two-week low on Thursday as sentiment was hitby a rout in Wall Street overnight, while the euro's weaknessagainst the yen hit companies such as precision machinerymakers.

The Nikkei .N225 ended 1.6 percent lower at 21,724.47, itslowest closing level since Feb. 16.

The broader Topix .TOPX declined 1.6 percent to 1,740.20.

Investor sentiment was soured after the Dow and S&P 500capped their worst months since January 2016, while investorswere worried about the yen's strength against the euro, addingto overall risk aversion.

The euro dropped to 129.86 yen EURJPY= , its weakest levelsince early September after benign inflation data in the eurozone dented expectations that the European Central Bank willdial back its stimulus.

Precision equipment makers Omron Corp 6645.T and TerumoCorp 4543.T , which have a relatively big exposure in Europe,fell 2.2 percent and 2.8 percent respectively.

Other exporters were also sold down, with Toyota Motor 7203.T shedding 2.1 percent and Keyence 6861.T falling 2.1percent.

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