Nikkei drops to 2-week low as Fed hike bets, BOJ uncertainty spook investors
* Nikkei trades below 200-day moving average
* All subsectors in negative territory
* Exporters, securities stocks fall
By Ayai Tomisawa
TOKYO, Sept 12 (Reuters) - Japanese stocks fell nearly 2 percent to two-week lows on Monday after comments by U.S. Federal Reserve officials sparked expectations of a rate hike as soon as next week, weighing on shares and other riskier assets globally.
The Nikkei fell 1.9 percent to 16,647.52 points by late morning, its lowest since Aug. 29. It traded below its 200-day moving average for the first time in more than a week.
Investors were risk averse after Wall Street tumbled on Friday, with the S&P 500 seeing its worst day since June after Boston Fed President Eric Rosengren, a historically dovish policymaker, said the Fed faced increasing risks if it waited too much longer to raise interest rates.
"The market is worried that the Fed mentions an interest rate hike even though the recent economic readings were weak," said Toru Ibayashi, head of CIO Wealth Management at UBS Securities.
"People are worried as the Fed is not communicating with the market well." Continuación...