Nikkei falls to one-week low

|By:, SA News Editor

Japanese stocks fell to a more than one-week low this morning, with financials and sea transporters leading the losses, as investors turned risk averse due to the last week's U.S. stock sell-off and concerns over Argentina's default and Portuguese banking problems.

Japanese equities still drew some support from hopes of an improvement in domestic corporate earnings, as well as solid Asian shares and a stable currency market.

The Nikkei sank 0.3% to 15,474.50, its lowest close since July 25, extending losses for a third straight trading day. The Topix shed 0.4% to 1,276.19, while the JPX-Nikkei Index 400 dropped 0.3% to 11,620.36.

ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL