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Nikkei falls to 2-1/2-week low as worries over Trump allegations offset strong GDP

[TOKYO] Japanese stocks tumbled to 2-1/2-week lows on Thursday, on worries that allegations against the US President Donald Trump over his interference with a federal investigation would delay his efforts on tax cuts and economic stimulus.

Strong Japanese gross domestic product data released in the early morning was offset by the White House turmoil, which dragged Wall Street sharply lower on Wednesday.

The Nikkei share average dropped 1.3 per cent to 19,553.86, the lowest closing since May 2.

The broader Topix dropped 1.3 per cent to 1,555.01 and the JPX-Nikkei Index 400 declined 1.3 per cent to 13,875.98.

REUTERS

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