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.
Japan's unemployment rate improved in October to 3.5 percent. Officials at the internal affairs ministry said on Friday that the jobless rate for last month fell by 0.1 percentage points from the 3.6 percent registered in September. (NHK)
E-cigarettes contain up to 10 times the amount of cancer-causing agents as regular tobacco, Japanese scientists said Thursday (Nov 27), the latest blow to an invention once heralded as less harmful than smoking. (channelnewsasia.com)
Police have arrested a 47-year-old man on arson and attempted murder charges after he attempted to set a hospital on fire in Hachioji, Tokyo, by throwing Molotov cocktails against walls inside the building. (Japan Today)
The Utsunomiya District Court in Tochigi Prefecture on Wednesday convicted two men over the illegal disposal of a body after they dumped the body of a young woman in a cardboard box near a quarry in Sano on Aug 4. (Japan Today)