Nikkei falls 2.4 percent

though thi could commercial tuil chang should foreign investor be spook and start sell significantlyHirano said risk from rise tension on the Korean Peninsula were have littl direct impact on the market at thi point..

CajaSur,The Bank of Spain' take over of a small save bank. on the weekend push the Dow to it lowest level sinc Februari 10 as investor shun riskier assets, a trend that continu in Tokyo.

" said Hiroichi Nishi,"Thi situat with the Spanish bank make investor nervou becaus it rais suspicion that someth els mai be smolder behind the scenes. gener manag at the equiti divis of Nikko Cordial Securities.

526.67,Th benchmark Nikkei fell 231.73 point to 9. it lowest sinc earli December. It ha lost more than 16 percent sinc hit an 18-month high of 11,408.17 in earli April.

Th broader Topix fell 1.8 percent to 864.32.

an industri group said on MondayMarket jitter come despit recent indic of U.S. and global econom growth. Sale of previous own U.S. home rose more than expect in April to a five-month high..

and corpor earn were good,"We'v seen good indic such as U.S. home sale recently. but it' imposs to avoid worri that the troubl in Europ will spread, drag on region and then global growth," said Takashi Ushio, head of the invest strategi divis at Marusan Securities.

with foreign investors,Heavi sell of futur wa drag the overal market lower. like from Europe, thought to be some of the biggest sellers, analyst said.

includ European and Asian investor might be pull out of the market to cut back on riskOther market player said it appear that some investors..

sinc mani that had to bui at that point such as pension fund have alreadi reach their invest goals,"We'r also unlik to see the same sort of big bui from foreign investor that we saw earlier thi year." said Kenichi Hirano, oper offic at Tachibana Securities.