The Nikkei is down again and has now experienced its biggest fall in a week since November, as uncertainty over a Cyprus bailout continues to have an impact on the markets.
It dropped 2.4 per cent in today's trading (March 22nd) and is down 1.8 per cent for the week.
Mazda Motor Corp lost 2.7 per cent, Nikon Corp was down by 3.2 per cent and Shimano Inc dropped by 6.3 per cent to affect the health of the index.
"These are some of the stocks which investors want to unload when uncertainty over Europe grows," Naoki Fujiwara, a fund manager at Shinkin Asset Management, told Reuters.
Investors took their profits before the start of the weekend and the index saw a major dip in the last few minutes of trading in the afternoon session.
The drop for the Nikkei comes shortly after it reached a new four-and-a-half year high, finishing 1.3 per cent higher at 12,635.69.
Learn about the Asian markets and CFD trading at City Index.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.