Nikkei falls 2.7 pct, biggest one-day drop in 10 months, on Cyprus
Reuters -- Mar 18

Japan's Nikkei share average dropped 2.7 percent on Monday, pulling back from a 54-month high and posting the biggest drop in 10 months after a proposed bank bailout for Cyprus spooked investors, strengthening the yen and hurting economy-sensitive shares that have gained recently.

The Nikkei dropped 340.32 points to 12,220.63. The broader Topix fell 2.2 percent to 1,028.34.

News source: Reuters

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