Nikkei drops to 2-week low as Fed hike bets, BOJ uncertainty spook investors

By Ayai Tomisawa
TOKYO (Reuters) – Japanese stocks fell nearly 2 percent to two-week lows on Monday after comments by U.S. Federal Reserve officials sparked expectations of a rate hike as soon as next week, weighing on shares and other riskier assets globally.
The Nikkei fell 1.9 percent to 16,647.52 points by late morning, its lowest since Aug. 29. It traded below its 200-day moving average for the first time in more than a week.
Investors were risk averse after Wall Street tumbled on Fr