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S&P affirms negative outlook on India, says chances of downgrade remain
Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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Nikkei falls sharply as Italy election spooks investors
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Passers-by are reflected on a window displaying a stock index outside a brokerage in Tokyo February 25, 2013.
Credit: Reuters/Yuya Shino
TOKYO |
TOKYO (Reuters) - Japan's Nikkei share average fell sharply at the open on Tuesday, retreating from a 53-month high as the yen strengthened on uncertainty following the Italian elections, with shares of some big exporters to Europe tumbling.
The Nikkei .N225 dropped 2.4 percent to 11,379.92, and the broader Topix .TOPX shed 1.9 percent to 962.53.
On Monday, the Nikkei had risen 2.4 percent to 11,662.52, its highest level since late September 2008.
(Reporting by Ayai Tomisawa; Editing by John Mair)
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