Tokyo: Nikkei falls as Italy vote creates selling opportunity
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Japan's Nikkei share average fell on Monday after Italian Prime Minister Matteo Renzi's defeat in a constitutional reform referendum gave investors an opportunity to sell into a market that had rallied to 11-month highs late last week.
The Nikkei dropped 0.8 per cent to 18,274.99, its lowest closing level since Nov. 22.
Tokyo's banking sub-sector index underperformed to lose 1.8 per cent amid caution over the referendum's effect on Italy's banking system.
The broader Topix and the JPX-Nikkei Index 400 both fell 0.8 per cent to 1,466.96 and 13,156.93, respectively.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
