TOKYO, Jan 26 (Reuters) - Japan's Nikkei average dropped 0.6 percent on Wednesday, with resource shares losing ground after a rate hike in India and a contraction in Britain's economy led to a pull-back in commodities prices.
Growing concerns over inflation in emerging economies, such as China and India, made both Japanese and foreign investors cautious about taking new positions in stocks ahead of a slew of corporate earnings announcements, pushing down daily turnover to its lowest this year.
The benchmark Nikkei closed down 0.6 percent, or 62.52 points, at 10,401.90. The broader Topix index fell 0.7 percent, or 6.64 points, to 922.64. (Reporting by Chikafumi Hodo; Editing by Edmund Klamann)