Japan's Nikkei share average fell on Monday in choppy trade as worries about Chinese economic and financial stability soured investor sentiment, dragging down China-related stocks such as construction equipment makers and some exporters.
The benchmark Nikkei, which climbed as much as 1.5 percent early in the session, ended the day down 1.3 percent at 13,062.78.
Of 33 Topix subsectors, 25 were lower, with China-related stocks have the largest declines. The Nikkei China 50 index fell 1.9 percent.
Komatsu Ltd dropped 4.6 percent and Hitachi Construction Machinery Co by 3.7 percent. Fanuc Corp skidded 2.3 percent and Nissan Motor Co slid 3.4 percent.
Early on Monday, the Nikkei rose, supported by a weak yen. But a sell-off in other Asian markets, which were in oversold territory, erased the gains.
China bank shares led the downward spiral after official news reports at the weekend suggested Beijing would continue to keep monetary policy tight.
Fugu pufferfish that make beautiful "crop circles" on the seabed off Amami-Oshima island in Kagoshima Prefecture have been chosen as one of the top 10 new species for 2015 by an international research institute, according to the National Museum of Nature and Science. (The Japan News)
In a crackdown on overcharging of customers, Tokyo Metropolitan Police on Friday announced the bust of two hostess clubs in Shinjuku Ward for overcharging customers, reports the TBS News (May 22). (Tokyo Reporter)
Pedestrian crosswalk laws are all over the place no matter where you go. What's considered jaywalking varies by country, and in the U.S. each state has its own laws for exactly how far the pedestrian needs to have crossed on the crosswalk before you have to stop. (rocketnews24.com)
Tokyo Metropolitan Police on Wednesday announced the arrest of multiple organized crime and motorcycle gang members for participation in a brawl that erupted last year in Kita Ward, reports the Sankei Shimbun (May 20). (Tokyo Reporter)
A Japanese man who says he was deceived into carrying someone else's bag on a flight into Indonesia was sentenced to life in prison Wednesday for smuggling methamphetamine into the country with harsh drug laws. (Japan Today)