Nikkei posts biggest weekly drop in a month

Japan’s Nikkei average on Tuesday posted its biggest weekly drop in a month after Prime Minister Shigeru Ishiba’s apparently shifting stance on interest rates rattled the yen and unnerved investors, while shipping shares fell after a U.S. port workers’ strike ended.

The Nikkei rose 0.2 percent to 38,635.62 on Tuesday but ended the week down 3 percent.

The broader Topix index rose 0.4 percent to 2,694, having fallen 1.7 percent this week.