Nikkei hits 1-week low

<p>The Nikkei has reached its weakest level since October 31st.</p>

The Nikkei has fallen to a one-week low after US jobs data was lower than expected.

In early morning trading, the benchmark Nikkei share average fell 0.8 per cent to 16,752.04 which was an improvement on the low of 16,713.37 recorded earlier in the day.

The figure represented the weakest level since October 31st, however investors were relatively pleased with the current trading prior to the latest.

Hiroyuki Nakai, senior executive director at Tokai Tokyo Research Centre, said: "Investors seem to be satisfied after the Nikkei traded above the 17,000-mark and the dollar rose above 115 yen."

The figures had been altered due to Nippon Telegraph and Telephone Corp selling heavily after they issued profit warning.

The company saw its share price drop 6.4 per cent to a two-week low and was forced to revise its full-year operating profit outlook to 1.095 trillion yen (£603.9669 billion) from 1.125 trillion yen.

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