Nikki relegates and records the biggest quarterly loss in two years

Japan’s Nikkei closed lower on Thursday, posting its worst quarterly performance in two years.

The Nikkei closed down 0.73 percent to 27,821.43 points.

The broader Topix index fell 1.08 percent to 1,946.40 points.

On a quarterly basis, the Nikkei lost 3.37 percent, its biggest decline since the quarter ending in March 2020, when global economies were affected by the first shock of Covid-19.