Nikkei drops to 2-month low on global growth concerns, oil shares tumble

viernes 10 de octubre de 2014 02:10 GYT

TOKYO, Oct 10 (Reuters) - Japan's Nikkei share average fell
for a fourth straight day on Friday, hitting a two-month low on
concern about the global economy, and falling crude oil prices
hurt oil shares.
    The Nikkei share average ended 1.2 percent down at
15,300.55, the lowest closing since Aug. 13. For the week, the
benchmark dropped 2.6 percent.
    Japanese markets are closed on Monday for a national
    Oil shares underperformed, with Inpex Corp falling
4.9 percent, while Japan Petroleum Exploration Co fell
1.8 percent after Brent crude futures tumbled nearly $2 to below
$89 a barrel on Friday, trading at their weakest since 2010.
    Bucking the overall trend, Fast Retailing Co, which
operates Uniqlo clothing stores, rose 1.7 percent after it said
it expects operating profit to grow by more than one-third in
the year ahead.    
    The broader Topix fell 1.4 percent to 1,243.09, and
the JPX-Nikkei Index 400 declined 1.4 percent to

 (Reporting by Ayai Tomisawa; Editing by Richard Borsuk)