Nikkei drops again ahead of US jobs data

<p>The Nikkei was down by 1.5 per cent during trading today.</p>

The Nikkei has fallen sharply again during trading today (December 5th), marking a second successive day of heavy drops for the index.

After the best November the market had seen in eight years, December has proven to be much tougher for the index so far.

The Nikkei dropped by 1.5 per cent today, ending the session down at 15,177.49 after slipping more than 230 points. This followed on from the 2.2 per cent loss sustained yesterday.

Investors are growing increasingly cautious this week ahead of the release of the latest jobs data from the US, which is due to be released tomorrow.

Yesterday's loss had led the Nikkei to a new one-week low, but today's drop has extended the slump for the index even further.

Even though the Nikkei has lost plenty of ground in the last two days of trading, it is still 46 per cent up for the year, which is above many of the major global markets.

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