The Nikkei 225 Stock Average displayed on a rotating-cube screen in an atrium of the Kabuto One building in Tokyo, Japan, on June 7, 2022. (Photo: Bloomberg)
TOKYO: Japan’s Nikkei braced on Friday for its biggest weekly drop in more than two years as markets fell for a fifth session in six, with investors awaiting a Bank of Japan (BOJ) policy decision after Swiss and United Kingdom rate hikes sent global markets lower overnight.
The Nikkei share average fell 2.17% to 25,858.50 by the midday break, slipping below the 26,000 mark for the first time since May 13. The index has lost almost 7% so far in the week in what would be its biggest drop since the week ended April 2020.
The broader Topix lost 2.03% to 1,829.94, shedding 5.8%…
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