July 1 (Reuters) – Japan’s Nikkei average fell 2 percent on Thursday, breaking a key support to hit a seven-month closing low, with market players citing a rise in risk avoidance underscored by falls on Wall Street, a higher yen and slower China manufacturing growth.
Market players said the Nikkei’s next target is just above 9,000, a low tested in November and July 2009, after the index broke 9,200, near the 50 percent retracement from the Nikkei’s March 2009 low to its high in April.
The benchmark Nikkei .N225 shed 191.04 points to 9,191.60, its lowest close since late November. It fell as low as 9,147.68 at one stage.
The broader Topix fell 1.6 percent to 828.39. (Reporting by Aiko Hayashi)