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Nikkei slides to 3-week closing low below 10,000

Published 10/29/2009, 02:15 AM
Updated 10/29/2009, 02:18 AM

TOKYO, Oct 29 (Reuters) - Japan's Nikkei average slid below 10,000 to a three-week closing low on Thursday as a strong yen undercut exporter shares and weak U.S. data renewed worry about global economic growth, sparking a broad sell-off on Wall Street.

Japan Airlines rose nearly 3 percent on news that the transport minister will brief about plans to revive the carrier after the close on Thursday, with investors keen to see if the government will announce the use of public funds to bail it out.

The benchmark Nikkei lost 1.8 percent or 183.95 points to 9,891.10, its lowest close since Oct. 8. Earlier, it fell as much as 2.2 percent.

The broader Topix lost 0.7 percent to 882.26. (Reporting by Elaine Lies)

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