Nikkei drops from six-year high

<p>The Nikkei has fallen away from yesterday’s six-year high.</p>

The Nikkei has fallen away from the six-year high it reached yesterday (December 3rd) in spectacular fashion, suffering its biggest daily drop in six weeks.

Having ended the session at 15,749.66 after a 0.6 per cent gain yesterday, the Nikkei fell back by 2.2 per cent, hitting a new one-week closing low for the index.

Investors cautiously took their profits out of the index ahead of the release of the latest US jobs data on Friday, reports Reuters.

Despite the large daily dip in trading today, the Nikkei remains 48 per cent up for the year and is still performing strongly compared to many other major global markets.

The yen rebounded from a six-month low against the dollar today, which was among the reasons why the Nikkei lost such a large amount during the session.

A weak yen is good for the major exporters on the index, with companies able to make larger profits as a result.

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