Nikkei falls below 8000 for first time in 20 years

On Wednesday the Nikkei index fell below a psychological barrier to hit a 20 year low. Analysts said investors were holding back pending further developments between US/Iraq.

Source: Reuters

The Nikkei average sank over two per cent yesterday to close below 8000 for the first time in 20 years as investors saw no sign of any effective government steps to turn around a market that fears war in Iraq is near.

Several blue-chip exporters, including Sony, extended recent losses and insurance firms wer

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