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Tokyo markets close at 2-month low

Tokyo markets close at 2-month low

TOKYO: Fears of global economic weakness Tuesday gripped the investors as Asian shares traded mixed, while Tokyo remained worst in the region, as a stronger currency weighed on the keyNikkei (Nihon Kenzai Shinbun: .N225) index.

Japanese shares widened losses to finish at a new two-month low of 14,936, as the yen (Exchange:JPYUSD=) hovered near 107.1 against the greenback. The benchmark Nikkei (Nihon Kenzai Shinbun: .N225) index was shut for a national holiday on Monday.

Exporters languished for most of the session; Sharp (Tokyo Stock Exchange: 6753.T-JP) sank nearly 5 percent while Toyota Motor (Tokyo Stock Exchange: 7203.T-JP) and Nissan Motor(Tokyo Stock Exchange: 7201.T-JP) dropped 3.9 and 2 percent each. Index heavyweight Softbank (Tokyo Stock Exchange: 9984.T-JP) also finished 3.2 percent lower.