Nikkei tumbles to 6-month low as China woes trigger sell-off

lunes 24 de agosto de 2015 03:06 GYT

* Nikkei, Topix both down over 10 pct from peaks

* Nikkei volatility index at highest in more than 2 yrs

* Banks and other large cap shares sold heavily

By Joshua Hunt

TOKYO, Aug 24 (Reuters) - Japanese stocks posted their biggest fall in more than two years on Monday, with the Nikkei average sinking to a 6-month low on fears of a China-led global economic slump.

The Nikkei share average dropped 4.6 percent to 18,540.68, falling below its 200-day moving average for the first time since October.

The broader Topix fell 5.9 percent to close at 1,480.87, with its turnover surpassing 4 trillion yen for the first time since March.

Both have fallen more than 10 percent from their multi-year peaks hit earlier this year.

"There's significant, ongoing disruption in Asia on the cusp of a potential end to quantitative easing and normalization of rates in the U.S...It's a bit like walking across a minefield at the moment, so people are treading carefully, as they should," said Stefan Worrall, cash equities manager at Credit Suisse.   Continuación...