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Japan's Nikkei hit a nine-day low on Thursday, as fears of a return to global recession hurt Wall Street and pushed the yen higher, weighing heavily on the country's export companies.
The Nikkei finished down 1.21% to 20,405.65. During the session, the index hit 20184.85 points, the lowest level since August 6, according to Reuters.
The three leading US indices closed down nearly 3% on Wednesday. The Dow Jones posted the largest single-day loss since October, after the US Treasury yield curve temporarily returned for the first time in 12 years. Indication of a recession.
Japanese export values slid as the yen refuge rose against the dollar, favoring a broad risk aversion.
Toyota Motor declined 0.9%, Honda Motor by 1.4%, Panasonic by 2.6% and Bridgestone by 1.1%.
Financial institutions were also affected as the sharp decline in bond yields had a negative impact on their profitability. Mitsubishi UFJ Financial Group lost 1.1%, Mizuho Financial Group lost 0.5% and Dai-ichi Life Holdings lost 1.6%.
Cyberdine, a robot manufacturer, grew by 4.9%, after regaining pre-tax profit between April and June, due to demand from its robot unit used in the national and international medical field.
The broader Twix index was down 1.04% at 1,483.85. The winners outnumbered the losers from 1812 to 272.
The 33 sub-indices of the Tokyo Stock Exchange all fell, with the petroleum, coal and precision machinery sectors leading the decline.
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