Nikkei sees major drop

<p>The Nikkei has had its largest daily drop in six weeks.</p>

The Nikkei has fallen today (October 2nd) by more than it has in one day for six weeks.

It dropped by 2.2 per cent to close the session at 14,170.49, which is the lowest point the index has ended the day at for almost a month.

According to a report by Reuters, the Nikkei rose to as high as 14,569.20 during the session, but fell away during the afternoon.

It has been a bad start to the week for the Nikkei, which was up 0.2 per cent yesterday but fell by 2.1 per cent on Monday.

The broader Topix was also down and the index dropped 1.5 per cent to 1,175.16 today.

Japanese prime minister Shinzo Abe has announced a fresh stimulus package designed to kickstart the Asian nation's economy, but this did not help the Nikkei throughout the session.

The Nikkei has also been negatively affected by the US government shutdown, which began after Congress failed to agree a new budget deal.

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