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Japan’s Nikkei share average slipped to a more than a one-week low on Monday as risks of Greece defaulting on its debt repayment this week spiked dramatically, forcing Athens to impose capital controls to halt bank runs.
The Nikkei share average ended 2.9 per cent lower at 20,109.95, the weakest closing level since June 19. It was the biggest one-day drop since January 6.
The broader Topix dropped 2.5 per cent to 1,624.82, with all of its 33 subsectors in negative territory. The JPX-Nikkei Index 400 shed 2.5 per cent to 14,652.46.
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