Nikkei down to 1-week low

<p>Tokyo stocks fell to a one-week low after a US market selloff last week.</p>

Tokyo stocks fell to a one-week low today (August 4th) after a US market selloff last week. Investors are also concerned about banking problems in Portugal and the state of the European economy.

"Sentiment was weighed by concerns over how stricter sanctions on major energy supplier Russia would impact European economies and the bailout of a crisis-hit Portuguese bank", said Yoshihiro Okumura, general manager of research at Chibagin Asset Management, quoted by AFP.

Portugal's central bank announced this week end that the country will inject 4.4 billion euros (£3.5 billion) into the Banco Espirito Santo.

The benchmark Nikkei shed 0.3 per cent to end at 15,474.50 – its lowest closing level since July 25.

The broader Topix fell 0.4 per cent to 1,276.19, while the JPX-Nikkei Index 400 lost 0.3 per cent to 11,620.36.

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