Profit Warning: Points and Wall Street

profit warning: The key market gauge sagged 49.66 points Wednesday. ; The Topix index of all first-section issues finished down 26.64 points, or 1.66 percent, at 1,582.85, according to The Japan Times. It fell 8.45 points the previous day. The 225-issue Nikkei average gave up 344.97 points, or 1.61 percent, to end at 21,033.76, after losing over 400 points to fall below 21,000 again this week. Selling far outpaced buying from the outset of Thursday's trading, after Wall Street took a downturn Wednesday with investor sentiment chilled by a sharp drop in U.S. long-term interest rates. A major German chipmaker's profit warning dealt another blow to the market by prompting selling of semiconductor-related issues. Concerns over a global slowdown grew further after European Central Bank President Mario Draghi indicated the possibility of the ECB pushing back a rate hike further, brokers said. (news.financializer.com). As reported in the news.