Nikkei suffers more falls

<p>The Nikkei is down today in trading again.</p>

New two-month lows have been hit by the Nikkei today (June 7th) as the index has seen its value drop yet again.

Despite reaching its highest point in five-and-a-half years last month, the Nikkei has been dropping steadily over the last fortnight.

The Nikkei lost around 0.2 per cent, making it the worst week for the index in more than two years, reports Reuters.

Frances Cheung, Credit Agricole CIB's senior strategist in Hong Kong, told the news provider that uncertainty in the US is leading to investors feeling nervous.

In the last two weeks, the Nikkei has now dropped by more than 20 per cent, after it was up 50 per cent for the year at one point in May.

Masayuki Kubota, senior fund manager at Daiwa SB Investments, recently suggested the Nikkei could continue to drop in the coming weeks and months.

Yesterday, the index lost almost one per cent and ended the day at 12,904.02.

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