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Tokyo: Nikkei sinks to 1-month low after BOJ tankan chills mood

[TOKYO] Japanese stocks tumbled to a 1-month low on Friday after the Bank of Japan's quarterly corporate survey showed business sentiment among large manufacturers sank to its lowest level in nearly three years, sapping risk appetite and weighing down stocks across the board.

The Nikkei share average shed 3.6 per cent to end the day at 16,164.16, its lowest close since March 1. Japan's benchmark index ended the week 4.9 per cent lower.

The Nikkei Volatility Index climbed as much as 27 per cent during the session, its highest in more than two weeks.

The broader Topix fell 3.4 per cent to end the day at 1,301.40 with each of its 33 subindexes in negative territory. The index ended the week 4.7 per cent lower.

The JPX-Nikkei Index 400 declined 3.5 per cent to 11,738.40.

REUTERS

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