Tokyo: Nikkei drops as falling oil prices sour mood, financials down
[TOKYO] Japan's Nikkei share average fell for the first time in three days on Tuesday as sliding oil prices and a firm yen dented investors' confidence.
The Nikkei closed down 1.5 per cent at 16,391.45 points.
Banking shares succumbed to profit taking after two days of large gains, while crude's retreat weighed on commodity linked sub-indexes like the oil and coal and metal product sectors.
The broader Topix lost 1.6 per cent to 1,300.20 and the JPX-Nikkei Index 400 fell 1.7 per cent to 11,689.47.
The index for the Mothers start-up market benefited from the declines in other indexes, rising 2 per cent to 958.03.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%