Nikkei retreats from 52-month high, hit by financials and exporters
TOKYO, Feb 21 (Reuters) - The Nikkei average fell on Thursday as financials and exporters dropped, tugging the market below a 52-month high hit the previous day, with investors' risk appetite also dampened by declines in U.S. shares. The Nikkei closed 1.4 percent lower at 11,309.13 points. On Wednesday, the index rose to 11,468.28, marking its highest closing level since late September 2008. The broader Topix shed 1.1 percent to 962.86.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.