TOKYO, Feb 24 (Reuters) - Japan's Nikkei average slipped to a three-week low on Thursday, losing ground for a third straight day as violence in Libya prompted a spike in oil prices, setting the stage for a further correction in the near term.
The market mood was also soured by the yen's rise to a two-week high against the dollar, hurting exporters, and by capital raising announcements by Tobu Railway and Toyobo Co, with their shares tumbling on dilution fears.
The benchmark Nikkei ended the day down 1.2 percent at 10,452.71. The broader Topix lost 1.3 percent to 934.22. (Reporting by Antoni Slodkowski; Editing by Michael Watson)