Nikkei falls to seven-week low

<p>The Nikkei has dropped 2.6 per cent today.</p>

The Nikkei has fallen to a seven-week low after the index recorded a 2.6 per cent drop in its value today (August 20th).

Concerns over the US Federal Reserve potentially announcing an end to its stimulus programme this week weighed heavily on the index.

According to a report by Reuters, the market dropped to 13,396.38 over the course of the session, with its biggest fall in the last two weeks.

The index fell to as low as 13,383.18 at one point in the day, which is the deepest it has sunk to for around two months.

Suzuki Motor Corp and Hino Motors Corp were among the companies to see their share prices fall heavily today, with firms that have a high reliance on exports particularly badly hit.

After a choppy period of trade yesterday, the Nikkei was able to record a 0.8 per cent rise in value to get the week off to a good start.

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