Topix Index posts biggest weekly drop in almost a year

Source: Bloomberg
© Scanpix/RS
The Japanese shares tumbled, as the tension grows in the Crimea and demand for safe-heaven assets increased. The Topix Index retreated 3.2%, after all industry groups fell. Big drop was experienced  for Toyota Motors Corp., which slumped 3% while the EBook Initiative Japan Co. plummeted 15%. The Topix Index has slumped 5.2% this week, thus having biggest weekly loss in almost a year.
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