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TOKYO, Oct 10 (Reuters) – Japan’s Nikkei average shed 2
percent to hit a two-month closing low on Wednesday on concerns
that upcoming corporate earnings will be hurt by a sluggish
global economy, as the IMF cut its growth forecasts for the
second time since April.
The Nikkei was down 173.36 points at 8,596.23 after
falling 1.1 percent on Tuesday.
The broader Topix index dropped 1.5 percent to
716.84, hitting its lowest closing level since July 26.
